German Manager Magazin: Tesla: Another price reduction for Model S and Model X in Germany002429

The US electric car manufacturer Tesla has lowered its prices again and, according to experts, is putting the competition under pressure. According to Tesla’s website, the Model 3 will be available in… Germany now offered for 41,990 euros, 2000 euros less than recently. The manufacturer reduced the prices for high-performance variants of the Model 3 and Model Y even further.

“We are reducing prices in numerous European markets,” said Tesla on Friday. This affects all variants of the Model 3 and certain versions of the other Tesla models Y, S and X. The price reduction is thanks to increasing quantities possible, added the carmaker. Tesla delivered more electric cars worldwide in the first quarter than ever before announced in early April.

company boss Elon Musk (51) recently declared its willingness to forego profitability in favor of increasing sales figures. With an operating return of more than 18 percent in 2022, Tesla can apparently afford it. The electric car pioneer is thus one of the most profitable car manufacturers.

“Tesla is fanning the price war, because Tesla can afford to make life very difficult for other car manufacturers with good prices,” said auto expert Ferdinand Dudenhöffer, head of the Center Automotive Research, this week on a current price analysis. And the price war is only just beginning Volkswagen lowered the list price for the basic version of the ID.3. In the first two months of the year, the 15 best-selling electric cars in Germany were on average 290 euros cheaper than in the second half of 2022.

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