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In 2021, sales of electric vehicles approached 6.8 million units worldwide.
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Consumer spending on electric vehicles totaled $250 billion.
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The Tesla Model 3 was the best-selling electric vehicle in the world, at least in 2021.
It was reported Friday that Elon Musk’s Tesla cut prices on its entire lineup of electric vehicle models in the United States for the third time this year in an apparent effort to attract more buyers amid rising prices. interest rates.
According to the cuts that appeared Friday on Tesla’s website, they ranged from $5,000 (95,000 Mexican pesos) per vehicle for Tesla’s most expensive, lowest-selling models, the large S sedan and large X SUV.
Likewise, it was announced that the company cut $2,000 (38,000 Mexican pesos) from the price of the small SUV Y, its most popular model, and added a lower-cost two-engine version priced at $49,990.
For its part, the small sedan 3 saw a thousand dollar price cut.
The moves come as Tesla’s first-quarter sales grew 36 percent but missed analysts’ expectations.
It’s worth noting that the company said on Sunday it delivered a quarterly record 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 for the quarter, according to FactSet.
Following this increase in its products, Guidehouse Research e-mobility analyst Sam Abuelsamid said the company needs to sell more vehicles to keep its factories running at full capacity.
“Underutilized plant overhead eats up the (profit) margin extremely quickly,” he said.
Recall that Tesla has added a huge plant near Austin to its US factory footprint, in addition to its original plant in Fremont, California. The company has also built new plants in Shanghai and near Berlin.
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