• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. Carlos Barria
Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. Carlos Barria
Home
Business
Autos & Transportation

Tesla doubles discounts on Model 3 cars in US inventory

June 1st, 2023 | 00:24 AM BUSINESS Autos & Transportation 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Samsung hikes chipmaking prices by up to 15% on demand spike, sources say
Chery's robot unit eyes IPO, targets overseas market for police robots
Einride forecasts faster growth, adds 500 Tesla Semi trucks to fleet
China's Pony.ai plans to deploy more than 4,000 robotaxis abroad
By Hyunjoo Jin

Tesla Inc (TSLA.O) has doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its U.S. inventory to entice buyers amid economic uncertainty, rising competition and the upcoming redesign of its mainstay model.

In California, a Model 3 variant in inventory was priced at $42,060, a discount of $2,680 to the price of newly ordered cars, according to its website. That is double the $1,300 discount on Model 3 cars offered less than two weeks ago.

Tesla also resumed discounts on some Model Ys of nearly $600 off each. Tesla offered steeper discounts of $6,330 and $5,000 on some higher-priced Model X and Model S vehicles, respectively.

Facing economic headwinds, mounting competition and rising production, Tesla this year has aggressively cut vehicle prices in many countries and is resorting to the traditional automakers' tactic of offering incentives to clear inventory, analysts said.

Tesla is preparing to launch a revamped version of its Model 3 in the United States this year and has started shipping some of its Model Ys with new hardware for its Autopilot partially automated driving system.

Tesla CEO Elon Musk told shareholders this month that the company would try advertising for the first time, in a move seen by analysts to drum up demand. Musk also warned Tesla was not immune to the global economy, which he said will be difficult for the next 12 months.

  • Topic
  • TESLA
  • DISCOUNTS/ (PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Samsung hikes chipmaking prices by up to 15% on demand spike, sources say

Related Posts

Autos & Transportation
August 19th, 2026

Samsung hikes chipmaking prices by up to 15% on demand spike, sources sa...

Autos & Transportation
August 19th, 2026

Chery's robot unit eyes IPO, targets overseas market for police robots

Autos & Transportation
August 18th, 2026

Einride forecasts faster growth, adds 500 Tesla Semi trucks to fleet

Autos & Transportation
August 18th, 2026

China's Pony.ai plans to deploy more than 4,000 robotaxis abroad

Autos & Transportation
August 17th, 2026

Tesla prepares for Cybercab launch in August starting with rides to empl...

Autos & Transportation
August 17th, 2026

Uber, Zipline partner on US drone delivery for Uber Eats

The Wire
Aug 20th 1 h ago
Americas

Brazil to keep fiscal framework, spending restraint under n...

Aug 20th 1 h ago
Asia Pacific

Bangladesh elects ruling party veteran Alamgir as president

Aug 20th 1 h ago
Europe

Romania destroys marine drone near Neptun Deep gas project,...

Aug 20th 1 h ago
World

Kremlin says ousted Ukrainian minister's call for elections...

Aug 20th 1 h ago
Middle East

US envoy Huckabee tells Israeli settlers not to take Palest...

TRENDING ON FINANCETIME
Aug 20th, 2026 Energy

EU not concerned about gas supply or storage filling, Commission says

Aug 20th, 2026 Litigation

Novonesis expects results from weight-loss drug supplement study in 2027

Aug 20th, 2026 Retail & Consumer

Ocado confirms Denmark's nemlig as latest European partner

Aug 20th, 2026 Government

Bitcoin, crypto shares climb after Trump pushes Clarity Act

Aug 20th, 2026 Business

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT