Tesla cuts prices for the Model S in the US and China
Tesla cuts prices for the Model S in the US and China

Tesla announced Tuesday that it has lowered the price of the "long-range" Model S by 4%. In the US, the electric vehicle manufacturer announced a record number of car deliveries in the third quarter of 2020 a few days ago.

The company, which is expected to announce third-quarter results on October 21, has lowered its price from $ 74,990 to $ 71,990. In addition, the initial price of the Model S in China has been reduced by 3%.

Earlier this month, Tesla lowered the initial price of its China-made Model 3 cars by about 8 percent to 249,900 yuan ($ 36,805).

The world's largest automaker is working hard to lower prices on various models in its product line, while other automakers have tried to advance the electric car market by introducing their electric cars.

Tesla said it shipped 139,300 cars in the third quarter, a record for the company. However, the stock price fell, as some analysts expressed doubts about Tesla's ability to achieve its lofty goals before the end of the year. Public.

According to an internal email from Reuters, CEO Elon Musk told employees last week that Tesla has the capacity to produce 500,000 cars this year.

Car shipments in 2020 are expected to substantially exceed 500,000 cars, Tesla said in January. Despite the novel coronavirus (COVID-19) epidemic, this prediction has not changed. This means that the company will need to increase shipments to nearly 182K in the fourth quarter to achieve this goal.

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