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Tesla cuts U.S. prices for 3 of its electric vehicle models

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Tesla cuts U.S. prices for 3 of its electric vehicle models


Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk.


What You Need To Know

  • Tesla knocked $2,000 off the prices of  the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models
  • The cuts reduced the starting price for a Model Y to $42,990 and to $72,990 for a Model S and $77,990 for a Model X
  • The move came the day after Tesla’s stock tumbled below $150 per share, eliminating all gains made over the past year
  • Prices for the Model 3 sedan and the Cybertruck stayed the same

The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same.

The cuts reduced the starting price for a Model Y to $42,990 and to $72,990 for a Model S and $77,990 for a Model X.

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The move came the day after Tesla’s stock tumbled below $150 per share, eliminating all gains made over the past year. The Austin, Texas, company’s stock price has dropped about 40% so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers.

Musk posted early Saturday on X, the social media platform known as Twitter before he acquired and renamed it, that the cost of an entry-level Tesla was as low as $29,490 once a federal tax credit and gas savings were factored in.

Industry analysts have been waiting for Tesla to introduce a small electric vehicle that would cost around $25,000, the Model 2. Media reports this month that Musk planned to scrap the project created more uncertainty over the company’s direction, although Musk called them untrue.

The price cuts ended a long workweek at Tesla, which announced Monday that it was cutting 10% of its staff globally, about 14,000 jobs. The company also said it was recalling nearly 4,000 of its 2024 Cybertrucks after discovering the accelerator pedal can get stuck, potentially causing the vehicle to accelerate unintentionally and increase the risk of a crash.

On Saturday, Musk confirmed he had postponed a planned weekend trip to India to meet with Prime Minister Narendra Modi, citing “very heavy Tesla obligations.” He said on X that he looked forward to rescheduling the visit for later this year.

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Tesla is scheduled to announce its first-quarter earnings on Tuesday.

The company reported earlier this month that its worldwide sales fell sharply from January through March as competition increased worldwide, electric vehicle sales growth slowed, and earlier price cuts failed to lure more buyers.

It was Tesla’s first year-over-year quarterly sales decline in nearly four years.



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Austin, TX

Fire destroys abandoned E Austin auto shop

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Fire destroys abandoned E Austin auto shop


Austin firefighters battled their second major fire Thursday afternoon, responding to an abandoned East Austin auto shop engulfed in flames.

Crews responded to 3100 Manor Road around 4 p.m., AFD said.

No injuries were reported and no one was inside the building.

ALSO | 40+ residents displaced in North Austin third-alarm apartment fire, no injuries reported

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The incident was called in as a first alarm. The building is a total loss, according to officials.

CBS Austin has a crew on the way to the scene.

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Earlier in the afternoon, firefighters extinguished a three-alarm fire in north Austin.

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Austin, TX

Austin road rage suspect identified, charged with criminal mischief: affidavit

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Austin road rage suspect identified, charged with criminal mischief: affidavit


The suspect in a violent road rage incident on the Capital of Texas Highway has been identified and charged, according to court paperwork.

The altercation was caught on camera.

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What we know:

34-year-old Ian Kevin Brinkmeyer has been charged with criminal mischief, a Class B misdemeanor, in connection with the Dec. 5 incident.

At around 2 p.m. that day, officers responded to a call for service on Capital of Texas Highway, where they spoke with Brinkmeyer and another man.

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The affidavit says Brinkmeyer “engaged in a road rage” with the other man while traveling north on Capital of Texas Highway. Brinkmeyer drove around the other man, changed lanes in front of him and cut him off before stopping his car.

Brinkmeyer then allegedly got out of his vehicle holding a “steel knife sharpening rod”, walked over to the other man’s car and struck the driver’s side door window with the rod, shattering the entire window.

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The affidavit says Brinkmeyer then quickly walked back to his car and drove off.

The entire incident was caught on video by other drivers and posted on social media.

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The affidavit says that the repairs to the shattered window cost about $480, making this a case of criminal mischief with a value between $100 and $750.

What’s next:

A warrant has been issued for Brinkmeyer’s arrest. As of 12 p.m. Dec. 11, he is not in custody.

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The Source: Information in this report comes from court paperwork and previous reporting.

Crime and Public SafetyAustin



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Day Trips: Gifts From All Over Texas • The Austin Chronicle

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Day Trips: Gifts From All Over Texas • The Austin Chronicle


Holiday gift giving means it’s time for a road trip.

Maceo’s Spice & Import Company (maceospice.com) in Galveston is the perfect destination for the chefs and eaters on your list. Not only is the island city decorated for the holidays, but the 81-year-old specialty shop has an expansive selection of spices and hard-to-find imported foods. The house-made tomato gravy and pesto sauce are highly recommended. While you’re there, treat yourself to a muffaletta sandwich and a bowl of gumbo.  

If someone on your holiday gift list is a New Orleans Jazz and Heritage Festival fan, head to Santo at the intersection of I-20 and U.S. 281. Kennedy’s Sausage Hometown Market (kennedyssausagehtm.com) makes the original Crawfish Monica Sauce (minus the crawfish) from Jazz Fest. The market sells other frozen foods that can be found nowhere else except maybe their other store in Stephenville. 

At Santo you’re 16 miles south of Mineral Wells, so drive to the Crazy Water Company for a case of Texas’ original mineral water. 

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Any NPR listener would be proud to proclaim their support by wearing this unique t-shirt designed by the late West Texas artist Boyd Elder Credit: MPR

If you can’t make a road trip during the hectic days leading up to the holiday, then shop online. One of the pleasures of traveling Texas is finding the friendly voice of National Public Radio. Small radio stations were hit hard after the elimination of federal funding for public media. For instance, Marfa Public Radio lost a third of its funding. Consider making a gift to one of the 44 public stations in Texas in someone’s name. Or purchase a very cool T-shirt from Marfa Public Radio (marfapublicradio.org) as a way of making a donation.

Want a gift with staying power? Give a personalized brick to support the renovation of the historic Bolivar Point Lighthouse (bolivarpointlighthouse.org). The red brick with their name on it will be used as a paving stone at the lighthouse across the channel from Galveston.

Purchasing a customized brick for the 1872 Bolivar Point Lighthouse not only supports the renovation, but is the gift that keeps giving for years to come Credit: Gerald McLeod

Feliz Navidad, y’all. 


1,784th in a series. Everywhere is a day trip from somewhere. Follow “Day Trips & Beyond,” a travel blog, at austinchronicle.com/day-trips.

A note to readers: Bold and uncensored, The Austin Chronicle has been Austin’s independent news source for over 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Now more than ever, we need your support to continue supplying Austin with independent, free press. If real news is important to you, please consider making a donation of $5, $10 or whatever you can afford, to help keep our journalism on stands.

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