Experts draw attention to a growing demand for Tesla cars. The demand is a consequence of the recent cuts made in the company. Customers who had previously purchased a vehicle went to the brand's stores for the manufacturer to reduce the price and return the difference in value.
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The price cut caused outrage, but demand still rose among the Chinese. A poll by Dan Ives portrayed that 76% of Chinese people have considered buying a Tesla in 2023. That's more than half of the population. With other percentages: BYD, in second place; NIO, in third.
Interest in the brand grew after the deadlines given for the delivery of the product in China. For the Tesla Model 3 and Model Y, the deadline is for about a month. With the greater demands, they may be extended.
Demand for a Tesla vehicle has also reached other countries. In Germany, the Tesla Model 3 has also reached the level of requirements similar to that of China. In the United States, for example, the Model 3 has up to a month to be delivered, but customers who purchased the Model Y reported that they waited for several months.
Given the significant increase in demand, investors pointed to a 15% growth in the company's shares last week. This could be the company's biggest turnaround to date, and it's moving in leaps and bounds. Last year, during the last few months, Tesla has increased the prices of new electric cars considerably. Following the company, other automakers also followed the same pattern.
It has recently reduced the values, so other companies also need to do the same to ensure market competitiveness.
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