Tesla is cutting prices on its two most popular electric vehicles, Tesla Models Y and 3 Prices Slashed In The US. The price cuts range from $1,250 to $2,500, and they come just as Tesla is gearing up for the fourth quarter, which is typically the busiest sales season for the company.
The biggest price cut is on the Model 3 Rear-Wheel Drive (RWD), which now starts at $38,990. This is a significant reduction from the previous starting price of $40,240. The Model 3 Long Range also received a price cut, from $47,240 to $45,990.
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The price cuts on the Model Y are smaller, but they still represent a significant savings for buyers. The Model Y Long Range now starts at $48,490, down from $50,490.
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The Model Y Performance also received a price cut, from $52,490 to $50,990.
It is unclear why Tesla is cutting prices on its two most popular models, but it is possible that the company is trying to boost sales in the fourth quarter. Tesla is also facing increasing competition from other electric vehicle manufacturers, such as Ford, Hyundai, and Kia.
The price cuts are good news for consumers, who will now be able to buy a Tesla Model 3 or Model Y for less money. The price cuts could also help to make electric vehicles more accessible to a wider range of buyers.