(MENAFN- Baystreet) Amplitech out with Quarterly Figures
AT&T Customer Data Leaked Onto 'Dark Web'
Dow
index Tops 40,000 As U.S. Stock
market Rally Continues
Iridium to Hold
conference Call When Declaring Ernings
Amazon Invests $2.75 Billion In A.I. Start-Up Anthropic Previous Articles Subscribe to Get Small Cap News & Alerts Baystreet Staff - Monday, April 1, 2024
Tesla Raises Price Of Model Y Electric Vehicle In U.S. By $1,000 Tesla (TSLA) has raised prices for all versions of its Model Y electric vehicle in the United States by $1,000 U.S., according to the company's website.
The Model Y base model now costs $44,990 U.S., while the higher end long range and performance models are priced at $49,990 U.S. and $53,490 U.S.
Tesla had previously said in March that it would increase prices for all Model Y cars in America by $1,000 U.S. on April 1.
The price increase comes a day before Tesla is due to release its first quarter 2024 delivery numbers, its closest approximation of sales data.
Analysts are bracing for poor delivery numbers from Tesla as the company faces a slowdown in sales amid rising global competition in the electric vehicle market.
Chinese rival BYD overtook Tesla in deliveries in the fourth quarter of 2023, highlighting the intensity of competition among electric vehicle makers.
During their fourth quarter 2023 earnings call with analysts and shareholders, Tesla executives said they expected deliveries to be noticeably lower this year.
The stock of Tesla declined 29% during this year's first quarter, making it the worst performer in the benchmark S&P 500 index.
Tesla's share price is currently at $175.79 U.S. per share.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN01042024000212011056ID1108044217
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.