Tesla cuts price of Model Y SUV by $3,000, Electrek says

U.S. electric carmaker Tesla Inc (TSLA.O) reduced the price of its sports utility vehicle Model Y by $3,000, Electrek reported on Saturday. Tesla's mid-sized SUV, which is sold as a Long Range or Performance version - is now priced at $49,990, according to the carmaker's website The Performance version will be updated with a new configuration, the report added. Tesla did not immediately respond to Reuters’ request for comment. The Model Y was unveiled on March 14 last year, promising a much-awaited crossover that will face competition from European carmakers rolling out their own electric rivals. In April, Tesla had said the Model Y was already profitable, marking the first time in the company’s history that one of its new vehicles turned a profit in its first quarter. Tesla delivered 90,650 vehicles during the second quarter, above estimates for 74,130 vehicles, according to Refinitiv data. It delivered 80,050 units of its new Model Y SUV and Model 3 for the quarter.

Comments are closed.