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Tesla Looks to Boost Model Y Sales with Threats of Nearing Price Increases

The Truth About Cars

The Tesla Model Y is a wildly popular EV on the global stage, but the automaker is still looking for ways to boost sales and keep it relevant. That has led the company to offer various promotions and discounts in the past, either through price cuts or the offer of free charging with a vehicle purchase.

Price 111
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Tesla price cuts are under-appreciated, investors should buy shares: Piper Sandler

Teslarati

Tesla ( NASDAQ: TSLA ) price cuts are being labeled as under-appreciated by analysts at Piper Sandler, who are indicating investors “should be “proactively buying” shares. Piper Sandler analysts believe the sentiment from consumers behind the price cuts is not being fully recognized.

Buy 140
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Hertz now selling former Tesla rentals at bargain prices

Teslarati

Hertz is selling off some of its Tesla models that were formerly rentals, and the vehicles are currently available at some pretty low prices. As part of the Rent2Buy vehicle sales program on its website , Hertz has listed hundreds of its early Tesla rentals for sale at fairly low prices.

Price 144
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Tesla price cuts in China drop competitor sales by as much as 60%

Teslarati

Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. percent sales decrease compared to December but a massive 59.6 Tesla used the same price-cut strategy in the United States in January to start 2023 off at a rapid pace.

China 145
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Tesla loses direct sales lawsuit that aimed to fight stressful carbuying

Teslarati

Tesla had its lawsuit against the State of Louisiana that aimed to enable direct sales of vehicles thrown out by a federal court late last week in an effort to fight stressful car buying. Tesla has operated with a direct-to-consumer sales model, which fixes prices on vehicles unless the automaker adjusts them.

Sale 117
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Tesla stock: analyst calls EV maker a ‘growth company with no growth’

Teslarati

Tesla ( NASDAQ: TSLA ) was labeled a “growth company with no growth” by Wells Fargo analyst Colin Langan, who said in a note to investors on Wednesday that he expects a leveling off of sales in 2024 and a drop in 2025. in an effort to maintain the dominant market share Tesla has owned for several years.

Companies 133
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Tesla embraces new immediate EV tax credit system

Teslarati

Tesla has embraced the new immediate use of the EV tax credit, which was announced last year by the IRS and Department of the Treasury. Buying an EV? The amount can vary depending on the vehicle model, but $7,500 is the most a buyer could receive off of the purchase price. On used EVs , the amount is $4,000.