Chinese electric vehicle maker BYD maintains a competitive price point despite potential tariff impacts, with gross margins exceeding 20%. Meanwhile, Tesla has been reducing prices on its Model 3 Long Range, with recent cuts of $250 in the U.S. market.
NEWS: Tesla has reduced the price of the Model 3 AWD in the U.S. by $250 to $47,490. https://t.co/zSGpUzkdTf
$TSLA Tesla today slashed its Model 3 Long Range by $250 - Take a look at the price change with the table! https://t.co/K2N8co9P0w
BREAKING: $TSLA CUTS PRICE OF MODEL 3 LONG RANGE BY $250 👀 We aren’t done with price cuts yet! https://t.co/d0WKp3p7Pv
$TSLA NEWS: Tesla Cuts Price Of Model 3 LR By $250. - Now : $47,490 (From: $47,740) https://t.co/XXgbACT4sk
$TSLA BREAKING: Tesla Cuts Price Of Model 3 LR By $250. - Now : $47,740 (From: $47,490) https://t.co/BH23YvHaYA
$TSLA This table represents the price change of BEV vehicles in China this year. Price reductions for some models range from more than 10%, with Tesla (Model 3/Y) cutting by up to 7%. https://t.co/vnZnnG3Z16
"Even if most of the tariff is passed on to buyers, the #BYD price-point would still be lower than competing models made by Europeans...BYD’s gross margins are >20%—a rare example globally of a profitable EV maker & giving it leeway amid price wars" https://t.co/wQ0iEshVs7