Tesla cuts vehicle prices in bid to boost flagging demand

Tesla cuts vehicle prices in bid to boost flagging demand

a year ago
Anonymous $V1JIPM4sUP

https://apnews.com/fac648952687ea903477422f5001ef0a

DETROIT (AP) — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Friday on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.

The company dropped prices nearly 20% in the United States on some versions of the Model Y SUV, its top seller. That cut will make more versions of the Model Y eligible for a $7,500 U.S. electric vehicle tax credit that will be available through March. It also reduced the base price of the Model 3, its least expensive model, by about 6%.