Tesla delivered 36 percent more electric cars in the first quarter than at the beginning of 2022 after it lowered prices again, supporting business expansion at the expense of profitability.
The American company reported that it delivered 422,875 vehicles in the first three months of this year. In the same period last year, they delivered 310,048.
Customers received 412,180 Model 3 and Model Y and 10,695 Model S and Model X.
The company produced 440,808 vehicles from January to March, 44 percent more than in the first three months of 2022.
To stimulate demand in the American market, Tesla lowered the prices of the Model S sedans and Model X SUVs at the beginning of the month, for the second time this year. In January, it reduced them by as much as 20 percent.
According to the company’s website, the price of the Model S was reduced by about $5,000, and the Model X by about $10,000.
CEO Elon Musk warned that they might have to lower prices to maintain growth in the face of rising interest rates and the threat of recession, which could mean lower profits. In January, he stated that the reduced prices had stimulated demand, Reuters notes.
