Tesla struggles to sell its new Model Y cars that came out in January. The company offers zero percent interest deals in Europe and 1.99 percent rates in America to attract buyers. These special offers rarely happen with fresh models. The car maker faces falling sales as its stock price has dropped 16 percent this year. Buyers can take home their new Model Y right away in many places.
Money experts worry about these price cuts because the updated cars cost more to build. The redesigned Model Y sports a new look and drives farther between charges. It comes with driver assist features that normally cost extra. Tesla shares have bounced back since April, when Elon Musk promised to spend more time running the company. The stock price climbed almost 44 percent in recent weeks. Trade issues between America and China also helped boost Tesla stock values lately. Car shoppers benefit from these finance deals as regular banks charge much higher interest rates currently.
Money experts worry about these price cuts because the updated cars cost more to build. The redesigned Model Y sports a new look and drives farther between charges. It comes with driver assist features that normally cost extra. Tesla shares have bounced back since April, when Elon Musk promised to spend more time running the company. The stock price climbed almost 44 percent in recent weeks. Trade issues between America and China also helped boost Tesla stock values lately. Car shoppers benefit from these finance deals as regular banks charge much higher interest rates currently.
