'Royally F---ing Us': Tesla Owners Who Paid Full Sticker Price Irate Over Price Drops A reduction in price has led to an increase in unhappy motorists.

By Dan Bova

Last week, Elon Musk's Tesla announced price cuts on some of its electric cars in the U.S. and abroad — and Tesla owners who recently paid full sticker price are not happy.

According to The Wall Street Journal, the wide-ranging price cuts include 14% off the Model 3 sedan and nearly 20% off its baseline Model Y crossover.

Using Musk's other company, Twitter, Tesla owners are very publicly expressing their displeasure, @-ing the man in charge of the electric car company.

Other users have been irked by Musk's silence on the matter, considering how much he Tweets.

Related: Tesla Is Reducing Prices on Models Sold In The U.S.: 'Eye-Popping'

Others, perhaps those who understand that things sometimes go on sale, took a more self-aware approach to buyer's remorse.

Related: Tesla Investors Complain That Elon Musk Is Spending Too Much Time on Twitter — On Twitter

Tesla faced a 65% drop in share price since January 2022, a historic low for the company.

Demand hit the brakes, and Tesla is making these dramatic moves to steer out of the skid, says the New York Times: "In cutting the prices of its current models, Tesla is indicating that it is willing to concede some profit in order to increase sales volume."

Dan Bova

Entrepreneur Staff

VP of Special Projects

Dan Bova is the VP of Special Projects at Entrepreneur.com. He previously worked at Jimmy Kimmel Live, Maxim, and Spy magazine. His latest books for kids include This Day in History, Car and Driver's Trivia ZoneRoad & Track Crew's Big & Fast Cars, The Big Little Book of Awesome Stuff, and Wendell the Werewolf

Read his humor column This Should Be Fun if you want to feel better about yourself.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

United Airlines Says It Is Adding Extra Flights in Case Spirit 'Suddenly Goes Out of Business'

Rival airlines, including United and Frontier, are adding new routes as Spirit cuts 12 cities from its schedule.

Leadership

Can Startup Founders Become Great CEOs? Here's What It Takes.

Startup founders CAN evolve into outstanding CEOs — rather than being replaced by them. Here's how.

Business News

Gold Prices Are Higher Than Ever. Here's How Much a Costco Gold Bar Purchased in 2024 Is Worth Today.

A one-ounce Costco bar is worth $870 more now than it was a year ago.

Business News

American Eagle Stock Sees a 25% Surge Following Sydney Sweeney's Controversial 'Great Jeans' Ad Campaign

American Eagle saw its stock jump 25% after its earnings call on Wednesday.