Tesla cuts prices on all models, lays off plans simultaneously

News on April 21, Tesla announced today that its Model Y, Model S, Model X and Model The prices of all 3 series models have been reduced, with new prices starting from 231,900 yuan.

The specific price adjustments are as follows: the base price of Model Y is adjusted to 249,900 yuan, and the long-range version and high-performance version are reduced to 290,900 yuan and 354,900 yuan respectively. The prices of the luxury models Model S and Model X have also dropped to 684,900 yuan and 724,900 yuan respectively, while their PLAID versions are priced at 814,900 yuan and 824,900 yuan. As for the entry-level model Model 3, the new prices of the refreshed version and the long-range refreshed version are 231,900 yuan and 271,900 yuan respectively.

According to the editor’s understanding, before Tesla’s price reduction in China, its Model Y, Model S and Model X in the US market had already Experienced a $2,000 price reduction. Tesla's stock price has performed poorly this week, with an overall decline of approximately 14.03%, bringing the total decline this year to more than 40%. It is undoubtedly a difficult week for shareholders.

Another eye-catching news is that Tesla CEO Musk stated in a recent internal email that the company will lay off more than 10% of its global employees to improve production efficiency and reduce costs. If Tesla's global employee count is used as a benchmark, the layoffs are expected to affect more than 14,000 employees.

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