Even as its sales start to slide, Tesla is coming under increasing fire from competitors who hope to chip away at its market share which still dominates the EV market. And Mercedes-Benz is taking aim at Tesla’s best-seller with an all-new, battery-powered version of its compact CLA model set to debut next year.
Tesla leads the list of the most “American-made” vehicles, with three of its product lines in the top 10, according to a new study. With one exception, the rest of that list was dominated by European and Japanese manufacturers.
In desperate need of a more affordable product that can deliver a big boost in sales, Lucid is working up a new compact SUV taking aim at the Tesla Model Y. Expect it to enter production by 2026, with a base price of less than $50,000, said CEO Peter Rawlinson, earlier than previously expected.
After spending much of last year cutting prices on its EV lineup, Tesla has reversed course, announcing a $1,000 increase in the U.S. sticker price for its best-selling Model Y. In Europe, meanwhile, buyers will pay as much as 2,000 euros, or $2,177 more for the electric SUV. While that might not be good news for buyers, Tesla stockholders hailed the price hike, giving shares traded under the Nasdaq ticker TSLA their first big gain in a month. Find out more at Headlight.News.
The Tesla Model Y is not only the bestselling EV in the U.S. market but, in Europe, it has become the bestselling vehicle overall. For 2023, it became the first EV ever to capture the Continental sales crown, reported Headlight.News.
EV leader Tesla is cutting prices again. The sales leader in the segment is looking to offset some economic uncertainties in order to set another full-year sales record. Find out more at Headlight.News.