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Amazon, Tesla in better shape than investors think: Ray Wang<\/h2>\n

Constellation Research founder Ray Wang reveals his top tech picks for 2023 on ‘Varney & Co.’<\/p>\n

Many Tesla owners are expressing frustration with the company after a surprise series of price cuts.<\/p>\n

The electric automaker<\/u> has reportedly cut prices on some models by nearly 20%, according to the Wall Street Journal. The move is seen as a way to grab new buyers at a time when Wall Street is concerned appetite for the vehicles is weakening.<\/p>\n

TESLA CUTS PRICES ON MODELS SOLD IN THE US: REPORT<\/strong><\/p>\n

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The Tesla Inc. logo is seen on the grille of a Model X electric vehicle at the Moscow Tesla Club in Moscow, Russia, on Friday, July 20, 2018.\u00a0<\/span> (Andrey Rudakov\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n

The cuts are likely to allow some buyers to qualify for a $7,500 U.S. government tax credit.<\/p>\n

Tesla owners vented about the unexpected price change in a report for Fortune.<\/p>\n\n\n\n\n\n\n

Ticker<\/th>\n	Security<\/th>\n	Last<\/th>\n	Change<\/th>\n	Change %<\/th>\n<\/tr>\n<\/thead>\n
TSLA<\/td>\n	TESLA INC.<\/td>\n	122.40<\/td>\n	-1.16<\/td>\n	-0.94%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n "I feel like I got duped. I feel like a got taken advantage of as a consumer," Marianne Simmons, a Tesla owner who purchased her latest vehicle from the company in September, told the outlet. "Right off the bat, I’m out $13,306. It’s such a large reduction that it’s going to affect a lot of people who just bought a vehicle."<\/p>\n TESLA CUTS PRICES IN CHINA AMID SLUMP IN DELIVERIES<\/u><\/strong><\/p>\n <\/picture>\n Tesla CEO Elon Musk smiles as he addresses guests at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway, on Aug. 29, 2022.<\/span> (Carina Johansen\/Getty Images \/ Getty Images)<\/span><\/p>\n Elon Musk's car company<\/u> slashed the price of its baseline Model Y crossover by almost 20% to $52,990. That puts the vehicle below a $55,000 cap, making it eligible for the tax incentive.<\/p>\n A 14% cut brings the price of a high-performance version of its Model 3 sedan to $53,990, also putting it under the cap. The Model 3 and Model Y are Tesla’s bestselling vehicles.<\/p>\n CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n <\/picture>\n FILE PHOTO: The interior of a Tesla Model S is shown in autopilot mode in San Francisco, April 7, 2016.\u00a0<\/span> (REUTERS\/Alexandria Sage\/File Photo \/ Reuters Photos)<\/span><\/p>\n "For any existing owner it’s a kick to the teeth," Tesla owner Ivan Drury told Fortune. "Anyone who bought a Tesla recently will feel an immediate impact wish they leased it."<\/p>\n Tesla delivered about 1.31 million vehicles last year, up roughly 40% from 2021, but short of the company's target of 50% or more. <\/p>\n "I have solar scheduled to be installed soon. Really having a hard time giving Tesla any more of my money and can’t even look at the car this morning," Tesla Model Y owner Andrew Checketts told Fortune.<\/p>\n FOX Business's Ken Martin contributed to this report.<\/i><\/p>\n Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" video Amazon, Tesla in better shape than investors think: Ray Wang Constellation Research founder Ray Wang reveals his top tech picks for 2023 on ‘Varney […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n