Tesla has cut prices for Model 3 in Europe

Tesla has cut prices for Model 3 in Europe

January 21, 2021 0 By autotimesnews

The strongest sedan Tesla Model 3 has fallen in price in France

In January 2021, Tesla cut prices for Model 3 sedans in most European countries. So, in Germany, electric cars, depending on the configuration, fell by 2.5-3.5 thousand euros, and the greatest reduction in price was observed in France, where the cost of the Standard Range Plus version dropped by more than six thousand euros.

No official reasons for the price cut have been disclosed. However, at least three assumptions come to mind.

First, in recent months, the euro has grown against the dollar. Since Tesla is the American company that makes most of the cars in the United States, its dollar-denominated profit from the price cut has not changed.

Secondly, some of the Model 3 electric vehicles are now being transported from China, and their cost could be lower.

Thirdly, more and more modern electric vehicles of local production are appearing in Europe. First of all, this is the Volkswagen ID.3, which, due to its reasonable price and good parameters, claims to take away the leadership in the electric car segment from the Tesla Model 3.

Finally, in 2021, Tesla’s Berlin plant is due to start operating in Europe. Perhaps the company simply decided to cut prices ahead of time in anticipation of local assembly machines.