Tesla's US Model Y inventories have been cut down by two-thirds and the total inventories (S3XY) have been reduced by 50% since last week's price cuts. This suggests that the first quarter volumes could be as high as 450,000, exceeding the estimates of 427,000 from analysts.
As used car prices drop, don't look for lightly used Subaru models like the Crosstrek, Forester, and Outback to follow the trend. It makes sense for many buyers to buy a new model instead. Check out the report here before you buy a used model.
The Tesla Cybertruck has been the talk of the town since its official release in November 2019. Despite some fears that the price may increase, a recent Torque News poll has indicated that the public still has a lot of interest in the vehicle.
Tesla's innovative approach to the electric vehicle industry has, in many ways, been a veritable masterstroke, and the company's recent move to cut prices will arguably generate more sales and translate into more profits for Tesla from charging stations.
