federal electric-vehicle tax credit<\/strong><\/a><\/u><\/strong>.\u00a0And unlike other automakers, Tesla has room to reduce prices to maintain market share thanks to its gross profit margins, which hover around 25%. The majority of mainstream automakers operate with a margin like GM, which has a net margin between 6%-7%.<\/p>\n\n\n\nTesla accounted for 65% of EV sales in the U.S. market last year, down from its 2021 share of 72%, and proof that EV newcomers are having an impact. With inventory growing, the carmaker offered $7,500 incentives to Model 3 sedan and Model Y SUV purchasers in a move to lower inventory late last year. The firm then sweetened its offer by giving buyers of any Tesla delivered in the final three days of 2022 three months of the Full Self-Driving option for free<\/em>. <\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s tough to say CEO Elon Musk isn\u2019t listening to the market. When supporters of the brand asked for fart noises in the cars, he gave them that capability, but more importantly when he felt like they might need a little assistance buying the brand\u2019s vehicles, he implemented price cuts. Get details at TheDetroitBureau.com.<\/p>\n","protected":false},"author":4389,"featured_media":239770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5,10,1169,2648,1347],"tags":[482,990,10031,386,10470],"make":[],"post-state":[],"category_old":[],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/241387"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/4389"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=241387"}],"version-history":[{"count":3,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/241387\/revisions"}],"predecessor-version":[{"id":241395,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/241387\/revisions\/241395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/239770"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=241387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=241387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=241387"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=241387"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=241387"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=241387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}