Tesla Slashes Model 3 and Model Y Prices
Tesla's slashing prices again after their disappointing Q3 deliveries. They reported 435,059 vehicles, which sounds like a lot until you realize it missed expectations and dropped from the previous quarter. This is Tesla's way of admitting they've got a demand problem.
Here's what they cut:
- Model 3 Standard Range: $40,240 → $38,990
- Model 3 Long Range: $47,240 → $45,990
- Model 3 Performance: $53,240 → $50,990
- Model Y Performance: $54,490 → $52,490
I've been watching the EV market heat up, and Tesla's not the only game in town anymore. Ford and GM are finally getting serious about electric vehicles, and Tesla's been dealing with competition from NIO and Rivian for a while now. These price cuts are a clear signal that they're feeling the pressure.
The thing is, this isn't just about one bad quarter. The EV market is maturing, and Tesla can't keep pretending they're a luxury brand while also trying to be a mass-market automaker. Pick a lane. These price cuts suggest they're choosing volume over margin, which makes sense but also shows their growth story is changing.