Tag: prices
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Tesla decreases Model Y prices to reduce its inventory backlog
Despite being the top EV seller in the U.S., Tesla had a somewhat rocky first quarter of 2024, building significantly more vehicles than it delivered. While some analysts’ predictions that Tesla could “go bust” sound overblown, the automaker is in recovery mode, offering deeper discounts to move unsold inventory. Tesla’s first-quarter sales dipped by 8.5%…
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As car prices drop for U.S. buyers, soaring insurance costs become a new challenge
A different type of shock has hit American car buyers like Darin Davis. When renewing the insurance on his 2024 Cadillac XT4 in January, the rate nearly doubled for the 56-year-old Dallas real estate agent who had purchased the car just a few months earlier. “Paying so much money takes away the enjoyment of owning…