Elon Musk is prioritizing sales over profits in hopes that Tesla’s full self-driving software would eventually burnish margins, a plan that could deepen an already fierce price war in the electric-vehicle industry. Shares of the automaker fell 3 percent before the bell on Thursday after Mr. Musk signaled there might not be any let-up in…
Tesla Raises US Prices for All Its Vehicles Except Model 3
Tesla Inc. increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices were still considerably lower than at the beginning of the year. The company raised the prices for all variants of its higher-priced Model S and X vehicles by $1,000, while prices of…
Walmart Keeps Grocery Prices Steady Amid Inflation, Antitrust Claims
NEW YORK—A new analysis of Walmart’s pricing strategy reveals it has consistently kept grocery prices lower than competitors while generally hiking prices at rates far below U.S. inflation, even while the firm now faces allegations of using its clout to gain unfair advantages over rivals. Data analytics firm Dataweave compared the prices of 589 name-brand…
Ford Cuts Prices of Mustang Mach-E After Tesla Moves
WASHINGTON—Ford Motor Co. is cutting prices on its Mustang Mach-E electric vehicle and reopening orders, the No. 2 U.S. automaker said on Tuesday, the second time has reduced prices this year after a series of price cuts by rival Tesla Inc. Ford said it is also increasing the range for standard-range battery models as it…
Tesla Raises Prices in US, China, Japan, and Canada
May 2, 2023
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Tesla Inc. has raised prices in a range of up to $290 in Canada, China, Japan, and the United States, its website showed on Monday, after the company slashed prices of its top-selling vehicles since the start of the year. The hike was the first on its two top-selling models at the same time in…
Tesla Hikes US Prices Days After 6th Price Cut This Year
Tesla Inc. raised the U.S. prices for its Model S and X premium electric vehicles, according to its website on Thursday, although they are still 20 percent lower than the start of the year after a slew of price cuts to drum up demand. Tesla has been slashing prices globally since January, including as many…
China’s Low-Price Car Promotion Fails to Spur Sales as Consumer Confidence Declines
March 28, 2023
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News Analysis A low-price auto campaign initiated by Chinese car companies and local governments has been sweeping throughout China since the start of March, but auto sales continue to fall. Experts indicate that middle-class Chinese citizens, the mainstay of consumption, face heavy debts as they lose confidence in the economy. On March 6, Dongfeng Motor…
Oil Prices Fall 2 Percent in Choppy Trade as Banking Fears Rattle Markets
NEW YORK—Oil prices fell over 2 percent in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis. Brent crude futures settled down $2.01, or 2.4 percent, to $80.77. The global benchmark earlier fell to a session low of $78.34, its lowest price…
Tesla Cuts US Model S and Model X Prices Between 4 Percent and 9 Percent
Tesla Inc. has cut prices on its two most expensive electric vehicles in the United States, according to the company’s website, days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand. The price cuts, Tesla’s fifth adjustment since the start of the year, ranged from 4 percent on the…
Netflix Cuts Prices in Some Countries to Boost Subscriptions
Netflix Inc. said on Thursday it has cut prices of its subscription plans in some countries as the streaming giant looks to maintain subscriber growth amid stiff competition and strained consumer spending. The past year has seen intense competition in the streaming industry as a pandemic-driven boom fades and consumers curtail spending over fears of…
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