Posted 3/20/2024, 12:49:21 PM
Tesla Hikes Prices to Boost Sales Before Quarter End After Stock Drop Amid Demand Worries
- Tesla is raising Model Y prices in China, Europe, and the U.S. in March and April
- The moves come as Tesla heads toward a likely Q1 delivery miss versus expectations
- Analysts see it as a push to sell inventory and boost quarter-end sales numbers
- Consumers could call Tesla's bluff and buy cheaper existing inventory vehicles
- Tesla stock has dropped over 15% in March amid demand concerns and delivery cuts
