Tesla is adjusting prices and offering incentives in response to fierce competition in China and the US. In China, customers can receive up to $4,800 worth of incentives for picking up existing inventories of Model 3 sedans and Model Y SUVs by the end of March. Meanwhile, Tesla raised the prices of certain Model Y vehicles in the US by $1,000. The price war in China is intensifying as Tesla's shipments from its Shanghai factory hit a low amid increased competition from local rivals like BYD.
WATCH: Shares in Tesla tumbled more than over 7% after the company's February sales slumped in China, the world’s biggest car market https://t.co/D28nXm31or https://t.co/tPg8wIjPFP
WATCH: China's leading EV maker BYD launched a new version of its best-selling car at a price lower than the final price of its discontinued predecessor, as a price war rages in the world's largest automobile market https://t.co/6lS0HjwxYw https://t.co/nm5ySr0QPW
Tesla stock tumbles 7% as shipments slump, new price cuts announced in China https://t.co/Vu9Gfw5Ksd by @Pras_S
Tesla Inc. shipments from its factory in Shanghai fell to their lowest in more than a year amid a Lunar New Year holiday sales lull and renewed price competition in the world’s biggest electric vehicle market https://t.co/AQc6i7tyOQ
China's leading EV maker BYD launched a new version of its best-selling car at a price lower than the final price of its discontinued predecessor, as a price war rages in the world's largest automobile market https://t.co/joZQXfiVjf https://t.co/bWLfmJmbRB
Tesla shares skid after February China sales slump https://t.co/Uu9AI0M0dv https://t.co/vpDICaBN6v
🚩 Tesla sold 60,365 China-made vehicles in February, down 19% from a year earlier and the lowest since December 2022. *China's Lunar New Year holidays fell in February, reducing car purchasing activities. Tesla is also battling rising competition from Chinese rivals such as… https://t.co/Mu1gx1iKHd
⚠️ TESLA SHARES SKID AFTER FEBRUARY CHINA SALES SLUMP Full Story → https://t.co/vlUWXYWZbp Shares of Tesla fell more than 7% on Monday after its sales slumped in February in China, where it faced rising competition and a slowdown during the Lunar New Year holidays. https://t.co/fUqKuaUNG6
⚠️BREAKING: *TESLA FALLS 6.7%, ON PACE FOR BIGGEST DROP SINCE JANUARY $TSLA https://t.co/ymKILWOMDZ
"Tesla shipments from its factory in Shanghai slumped to the lowest in more than a year" https://t.co/2KyzpCCwVP via @technology
$TSLA -1.40% premkt ❖ Tesla China Shipments Plunge to Lowest in More Than a Year Tesla Inc. shipments from its factory in Shanghai slumped to the lowest in more than a year amid a Lunar New Year holiday sales lull and renewed price competition in the world’s biggest electric…
Tesla shipments from its factory in Shanghai slumped to the lowest in more than a year amid a Lunar New Year holiday sales lull and renewed price competition in the world’s biggest electric vehicle market https://t.co/P0WwpJkJT2
BYD launched a new version of its best-selling car today at a price lower than the final price of its discontinued predecessor, as the price war rages. A gauge tracking Chinese automakers was down 1.3%, and BYD dropped 1.5%. $LI falls 10%, $NIO -5%, $XPEV -4.5%. https://t.co/Vc32SXme2o
"#Tesla unveiled new incentives, including insurance subsidies to woo consumers in #China, the world's largest auto market, where the 🇺🇸 #EV giant is in a protracted price war against entrenched rivals such as #BYD" https://t.co/WwLDJCRUaA
WATCH: Tesla is stepping up a price war over electric cars in China. The firm rolled out a range of new incentives for buyers. People picking up new cars from stock by the end of March can now get perks worth up to around $4,800 https://t.co/JIJUKjeBw8 https://t.co/FgHn4gGfVg
Tesla is stepping up a price war over electric cars in China. The firm rolled out a range of new incentives for buyers. People picking up new cars from stock by the end of March can now get perks worth up to around $4,800 https://t.co/miQ2mTmdLt https://t.co/gHuVFW8iH3
NEWS: Tesla unveiled new incentives in China on Friday. Customers picking up existing inventories of Model 3 sedans and Model Y SUVs by the end of March would be entitled to a maximum of 34,600 yuan ($4,807) worth of incentives. https://t.co/Ci9q5VTQrv
WATCH: Tesla unveiled new incentives, including insurance subsidies to woo consumers in the world's largest auto market, where the US electric vehicle giant is in a protracted price war against entrenched rivals such as BYD https://t.co/JIJUKjeBw8 https://t.co/48JEqrSTkj
$TSLA Tesla raised prices of select Model Y vehicles in the United States by $1,000 on Friday, the company's official website shows. The adjustment affects the Model Y rear-wheel drive and long-range models, now priced at $43,990 and $48,990 respectively. The pricing for the…
Tesla raises prices of some Model Y vehicles in U.S. https://t.co/IE6pob6KTd
China's #EV Price Wars Deepen as #BYD, #Tesla Slash Prices https://t.co/M4Qt7dQH5n
Tesla unveiled new incentives, including insurance subsidies to woo consumers in the world's largest auto market, where the US electric vehicle giant is in a protracted price war against entrenched rivals such as BYD https://t.co/miQ2mTmdLt https://t.co/OevlJNWJeM
Tesla Stock Is Falling. It’s Offering Discounts in China Amid Fierce Competition. https://t.co/m1zkoQ4vxy
Tesla Rolls Out New Incentives in China as Price War Escalates https://t.co/1SvGD7jLkb
Tesla rolls out new incentives in China as price war escalates $TSLA $BYDDY https://t.co/qrcb40RXCL
Tesla raises prices of some Model Y vehicles in US https://t.co/N5AdhZkkhU https://t.co/CHkvyx4zH5
⚠️ TESLA RAISES PRICES OF SOME MODEL Y VEHICLES IN US (Reuters) Tesla on Friday raised prices of certain Model Y vehicles in the United States by $1,000, according to its website. The company raised the price of its Model Y rear-wheel drive and long-range vehicles by $1,000 to… https://t.co/1c2HK91tu7
Tesla $TSLA offers more discounts in China on rear-wheel drive Model 3, Model Y (MarketWatch)
Tesla Rolls Out More China Discounts as Price War With BYD Heats Up https://t.co/sXd5pfn0fV
Tesla rolls out new incentives in China as price war escalates https://t.co/6OSd2E3lvg https://t.co/kwxX9R15KQ
Tesla unveiled new incentives, including insurance subsidies, to woo consumers in China, the world's largest auto market, where the US electric vehicle giant is in a protracted price war against entrenched rivals such as BYD https://t.co/0BgQsStgS7
Tesla unveiled new incentives, including insurance subsidies, to woo consumers in China, the world's largest auto market, where the US electric vehicle giant is in a protracted price war against entrenched rivals such as BYD. More here: https://t.co/dgXFJvGXCj
Tesla rolled out a number of incentives to boost sales in China, where it is coming under increased pressure from local rivals such as BYD https://t.co/mlU2K91V52