Why is Tesla Cheap Now?

Written by Reananda Hidayat Permono Completed Master of Science - MS, Petroleum Geology from Curtin University, Perth, Australia.

On Wednesday, Elon Musk is expected to reveal a series of exciting inventions to bring Tesla into the future at the Investor Day event.

Industry analysts are looking for a less-expensive Tesla car that costs around $25,000 and an autonomous robotaxi without human controls.

Musk will probably explain new initiatives to contribute zero-emissions through Tesla's automotive and battery businesses.

Moreover, Tesla could announce new factories, with Indonesia and Mexico as possible sites. Here is more exciting news about Tesla.

Why is Tesla's cheap now? Tesla cut the prices of its popular models by up to 20% in Europe and the US to boost sales as competition intensifies.

This move will ensure more of Tesla’s models can be eligible for a federal tax credit for electric vehicles.

Are Teslas expensive? Here are the prices of Tesla models as of August 2022:

- Model X (started at $120,000) - Model S (started at $105,000) - Model 7 (started at $67,000) - Model 3 (started at $47,000)

How long will Teslas last? According to Elon Musk, a Tesla battery can last 300,000-500,000 miles.

Are Tesla cars good? In recent years, problems with suspension, electronics, and body hardware have decreased Tesla’s rating.

Moreover, the Tesla Model S is no longer recommended by Consumer Reports as of 2022.

Did Elon Musk start Tesla? Musk co-founded and led Tesla, including all product design and global manufacturing of Tesla’s electric vehicles, solar energy, and battery products.