Rival all-electric vehicle maker Tesla continues to slash vehicle prices, this time offering a deep discount on the Tesla Model Y. The Tesla Model Y is offered as a rival to the Chevy Blazer EV. The recent price cuts arrive on the back of a year-over-year decline in deliveries for Tesla.
According to a recent report from Bloomberg, Tesla is now offering a $4,600 discount on Model Y RWD variants already in inventory, and a $5,000 discount on Model Y Long Range and Performance variants already in inventory. Notably, these discounts are applied before any tax incentives. In addition, the automaker is now charging an extra $1,000 for new custom orders of the Model Y.
According to Bloomberg, Tesla produced 46,561 more vehicles than it delivered during the first quarter of the year, greatly expanding its available inventory. Tesla recently reported an 8.5-percent year-over-year decline in deliveries during the first quarter of the 2024 calendar year as compared to Q1 of 2023.
With regard to the cause behind the decline in volume, the automaker points to a changeover at its California assembly facility in anticipation of production for the upgraded Model 3 sedan, as well as a recent shutdown at its production facility in Germany. However, according to some analysts, the delta between the number of units built versus the number of units sold during Q1 of 2024 tells a different story, indicating a fall in demand, rather than supply.
Back in February, Tesla reduced pricing for the Model Y by $1,000, further undercutting rivals.
A recent report indicates that Tesla has canceled long-held plans to offer a new low-cost electric vehicle, sometimes referred to as Model 2. The automaker is now expected to shift its focus to developing self-driving robotaxis that will leverage the EV maker’s low-cost platform.
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Comments
Bummer Elon, welcome to the car biz.
Great comment!
What’s the price? How does it compare? Did a computer write this article?
computer works cheap. Clip and Paste doesn’t seem to me to need too sophisticated AI.
BTW the big electricity consumption increase, particularly in the South East USA, is going to be AI data centers, not plug in cars.. They take 10 times as much juice per transaction as a search transaction
I know people that would consider buying a model Y and people that would consider buying a Blazer EV; in no way would either of those groups consider the other vehicle (for a variety of reasons).
A Y update incoming. Just like the 3. Will put the Blazer even further in it’s rearview.
Have you seen the update? Not much has changed.