![\"Tesla](\"https:\/\/wp-assets.futurism.com\/2019\/03\/tesla-protests-company-cut-prices-300x158.png\")
<\/div>Bad Timing<\/h2>
Last week, Tesla announced plans to cut the prices of eight of its vehicle models. That’s great news if you’re looking to buy a Tesla. But not-so-great if you already own one.<\/p>
Some owners saw the value of their EVs decrease by tens of thousands of dollars overnight, leading to a slew of Tesla protests overseas — and the outrage could hurt Tesla’s chances of success in the world’s most promising EV market.<\/p>
Slashed Prices<\/h2>
On Thursday, Tesla announced<\/a> that it was finally selling a long-promised $35,000 Model 3. In addition to that price reduction, the company also cut the starting prices of its Model S and Model X vehicles<\/a> by $12,000 to $18,000, and other versions of the vehicles saw their prices decrease by up to $18,000.<\/p> That’s nothing compared to the impact of the new pricing on some overseas markets, though. According to an article by Electrek<\/em><\/a>, some Model S and Model X vehicles now cost more than $30,000 less, and in Taiwan, the price of the Model S P100D dropped by almost $100,000.<\/p> Upset that Tesla cut the value of their vehicles overnight, some owners began railing against the company through social media.<\/p> “I received Tesla’s Model X on February 25, and I only drove this car for five days before Tesla announced a price reduction of 174,300 yuan ($25,989.87),” wrote Weibo user Luweijuzi, according to a report by Chinese newspaper The Global Times<\/em><\/a>. “I’m probably the most unlucky new buyer.”<\/p> Some owners posted banners critical of the new prices at Tesla’s physical stores, while others staged in-person protests at the company’s Supercharger stations.<\/p> Did anyone see what’s happening in Taiwan? Taiwan Tesla Owners protesting about the price adjustment outside of the Supercharger Station and Store\/Service Centre in Taiwan. Have they solved the issue? @TeslaOwnersTwn<\/a> #Tesla<\/a> #TeslaTaiwan<\/a> $TSLA<\/a> pic.twitter.com\/mIKPFPigAf<\/a><\/p> — JayinShanghai (@ShanghaiJayin) March 4, 2019<\/a><\/p><\/blockquote> Various experts have predicted explosive growth for China’s EV market<\/a> in the near future — some believe the nation will account for 50 percent of all EV sales<\/a> by 2025.<\/p> Solidifying a place as a leader in that market could be huge for Tesla, and just a few days before the pricing announcement, The Global Times<\/em> published a piece<\/a> noting how Tesla’s future in China looked bright thanks to the nation’s growing middle class.<\/p> However, if these protests lead to any sort of anti-Tesla sentiment in China, the company could lose its momentum in the country long before then.<\/p> READ MORE:<\/strong> Tesla owners literally protest over drastic price cuts<\/a> [Electrek<\/em>]<\/p> More on Tesla:<\/strong> Tesla Finally Slashes Model 3 Price to $35,000<\/a><\/em><\/p> The post Tesla Owners Are Enraged That the Company Cut Its Prices<\/a> appeared first on Futurism<\/a>.<\/p> Original post: Bad Timing Last week, Tesla announced plans to cut the prices of eight of its vehicle models. That\u2019s great news if you\u2019re looking to buy a Tesla. But not-so-great if you already own one Continue reading A Lot to Lose<\/h2>
Tesla Owners Are Enraged That the Company Cut Its Prices<\/a><\/p>","protected":false},"excerpt":{"rendered":"