Tesla recalls a million cars in China and raises prices in America

Tesla recalls a million cars in China and raises prices in America
Tesla recalls a million cars in China and raises prices in America
China’s market regulator announced Friday that Tesla will recall a total of 1.10 million cars, both imported and made in China. This decision comes in parallel with the company raising the prices of its S, X and Y electric cars in the United States of America, for the second time, from April 19.
The Chinese market regulator said in a statement: “The models that will be recalled include the Model S, Model X, and Model 3 imported, in addition to Model 3 and Model Y produced in China.”
The statement stated, “The American electric car giant has submitted the recall request, which is effective from May 29, according to the Chinese administration’s rules for recalling the defective vehicle.”
The cars were withdrawn, due to a problem with the acceleration systems; The problem occurs when the driver takes their foot off the accelerator pedal to slow the car. When that happens, the extra power usually starts transferring to the car’s battery to charge it, making the rate of deceleration somewhat uncertain and potentially increasing the risk of a collision, the market regulator said.
Because of this defect, the driver may mistakenly press the accelerator pedal, thinking it is the brake.
  • Increased car prices in America

The company’s website showed: “It has increased the prices of all of its top-priced S and X models by $1,000, while the prices of all Y models have been increased by $250.”
This represents an increase of about 0.5% to 1.1% since the last price changes.
This is the second increase in the prices of the Model S, X and Y since April 19, when Tesla last cut the prices of some of its cars in the United States, and there have been no changes in the prices of its cheapest model, the Model 3, since the hike earlier in May. .
Tesla has cut prices globally since January, including six times in the United States, in an effort to boost sales.
“The company is willing to sacrifice margin for volume, but it’s also looking to get prices back up where it can,” CEO Elon Musk said.
Even after Thursday’s price hike, base models of the S and X remain 16% and 19% cheaper in the US, respectively, compared to the start of the year, while the long-range Y version is about 23% cheaper.
The Model S is now priced at $88,490, while the Model X is priced at $98,490. The performance versions of both models are now valued at $108,490. Prices for the SAS and its long-range and performance variants are $47,490, $50,490, and $54,490, respectively.
Separately, Tesla’s Japan unit began accepting orders for its flagship Model S and Model X SUV in the country on Friday, it said in a press release. (Reuters)