Published By: Mayank Gupta
Last Updated: April 30, 2023, 11:01 IST
Tesla’s first-quarter vehicle sales in 2023 rose by 36 percent after the company cut prices twice in a bid to stimulate demand. (AP Photo/David Zalubowski, File)
Tesla Model X and Model S are unavailable in several countries like Australia, Thailand, Singapore and New Zealand, as per the company website
Tesla’s Model S and Model X were not available for order in some Asia-Pacific countries, including Australia, Thailand, Singapore and New Zealand, the automaker’s website showed on Sunday.
Other Tesla Inc (TSLA.O) models, such as Model 3 and Model Y were available in these countries, according to the website.
It was not immediately clear why these models were not available. Tesla did not immediately respond to a request for comment.
Elon Musk’s electric vehicle maker posted record deliveries in the January-March quarter, but deliveries of higher-priced Model X and Model S vehicles slumped by 38 percent.
Also Read: Tesla Plans to Export Model Y from China to Canada Soon
Tesla has been aggressively cutting prices for some of its models this year across markets to juice demand as competition among electric-vehicle makers heats up around the world.
Investors have been watching Musk’s gamble that cutting prices would stimulate sales, although they worry about eroding margins.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)