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Tesla US sales drop to nearly 3-year low in November despite launch of cheaper versions
Tesla's U.S. sales dropped nearly 23% to about 39,800 vehicles in November after the $7,500 federal tax credit ended, while overall EV sales fell over 41%, data showed.
- On Dec 11, Tesla's U.S. sales dropped to a near four-year low in November, falling nearly 23% to 39,800 vehicles from 51,513 a year earlier, Cox Automotive estimates show.
- The end of federal EV credits hit sales broadly, and Tesla in October launched cheaper Standard versions priced about $5,000 below prior bases with 0% financing offers.
- Overall U.S. EV sales fell more than 41% in November while Tesla's market share rose to 56.7% from 43.1%, with Standard versions cannibalizing Premium versions, especially the Model 3.
- Deliveries fell last year and are expected to drop again this year; Tesla did not immediately respond to a request for comment on the sales figures.
- Facing rival rollouts next year, Tesla confronts a serious challenge as other automakers plan cheaper vehicles, and Cox's Stephanie Valdez Streaty says Tesla needs new models after the struggling Cybertruck.
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Coverage Details
Total News Sources18
Leaning Left4Leaning Right2Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 31%
C 54%
15%
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