MASSIVE NEW TESLA PRICE CUTS IN US, CANADA

EV Channels Review

Tesla has implemented significant price reductions across its US and Canadian lineups, with some models seeing cuts of up to $13,000. The Rear-Wheel Drive Model 3 now starts at $43,990, and the Long Range Model Y is eligible for the full $7,500 federal tax credit, starting at $49,990. While these cuts make Tesla vehicles more accessible and eligible for incentives, many models remain more expensive than in 2021. The review highlights that these aggressive price adjustments are a strategic move to secure demand, potentially at the expense of 2022's high margins, but will undoubtedly put immense pressure on competitors in both the EV and ICE markets. The report also touches on potential Tesla China expansion delays due to Starlink concerns, confirmed Houston facility plans, and Lucid's Q4 production/delivery figures, which show a significant gap between production and deliveries, further intensifying competition.