TeslaNewsSummary

25/2/3 #TeslaNewsSummary

1. Tesla Offers Up To 10% Discount On Insurance For Customers Using FSD
   Tesla offers up to 10% insurance discounts to customers who frequently use FSD (supervised) features.

• Areas covered: Arizona, Texas
• Discount Terms: Get up to 10% off driving more than 50% of your total mileage with FSD capability

1. Tesla slashes Cybertruck and Model 3 lease prices by up to 17%
   Tesla Cuts Lease Prices For Cybertruck AWD And Model 3 In U.S.

• Cybertruck AWD: $899 → $749 (17% off)
• Model 3 Long Range RWD: $299 → $249 (17% off)
• Model 3 Long Range AWD: $399 → $349 (reduced by 12.5%)
• Model 3 Performance: $599 (No change)
• Benefits: $7,500 federal electric vehicle tax credit applicable

1. Tesla Model 3 Offers $2,500 Discount On Purchase of Recommended Code
   U.S. customers can get $2,500 off when they purchase a new Tesla Model 3 using a referral code. (Previous $500 → raised to $2,500)
2. Trump tariffs could raise U.S. car prices by up to $3,000
   President Trump’s new tariffs could raise U.S. car prices by up to $3,000.

• IMPACT: Immediate hit to approximately a quarter of 16 million units per year (Ford, GM, Stellantis, Mazda, Toyota, etc.)
• Outlook: The likelihood of the auto industry facing a serious crisis due to tariffs

1. Canada imposes 25% retaliatory tariffs on U.S. products… Electric vehicles included
   In retaliation for Trump’s new tariffs, Canada plans to impose 25% tariffs on $155 billion worth of U.S. goods.

Step 1: (Enforced from February 4, 2025)

• Tariffs Target: Approximately $30 Billion worth of U.S. products

*Key Items

• Food: Orange juice, peanut butter, coffee
• Liquor: Wine, Distillers, Beer
• Consumer goods: home appliances, clothing, shoes, motorcycles, cosmetics
• Others: Pulp and Paper Products
• Detailed List: Coming Soon by Government of Canada

Step 2 action (additional retaliatory tariffs to be made)

• Tariffs Target: Additional U.S. Products Worth About $125 Billion

*Key Items:

• Cars: Cars, trucks, electric vehicles (including Tesla)
• Industrial goods: steel and aluminum products, aerospace products
• Agricultural products: beef, pork, dairy products, some fruits and vegetables
• Leisure products: recreational vehicles, boats, buses, trucks

1. GM Cuts Production At Mexico’s Factory… 800 jobs lost
   General Motors Co GM has decided to scale back its electric crossover production shift at its Mexico plant.

• IMPACT: Approximately 800 jobs lost at the end of the third shift
• Model of production: Chevrolet, Cadillac, Honda Electric