the staff of the Ridgewood blog
Paramus NJ, Tesla’s latest slate of price cuts is a sign the company is getting more aggressive as competition heats up in electric vehicles, according to Wedbush analyst Dan Ives. Prices of the Model 3 and Model Y were slashed on Thursday, with discounts ranging from 6% to 20%.
Among the price reductions include $43,990 for a Tesla Model 3, down from $46,990, and $52,990 for a Tesla Model Y, down from $65,990. In the US, both vehicles also now qualify for a $7,500 federal tax credit, bringing down costs further.
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