Tesla Announces Price Drop on Model 3 and Model Y Amidst Disappointing Delivery Volumes

2023-10-08 15:43:01

If this effort by Tesla only concerns the American market for the moment, we can imagine it trickling down to the European continent in the short term.

After announcing disappointing delivery volumes for the third quarterTesla immediately proceeded to a drop in price on some versions of the Model 3 and some Model Y.

The Model 3 in entry-level RWD version thus goes to $38,990 on the Tesla website, compared to $40,240 previously. The price of the long-range Model 3 Long Range drops from $47,240 to $45,990, and the Performance version is now $50,990 compared to $53,240.

Still in Performance trim, the Tesla Model Y loses $2,000 to $52,490.

This is not the first time, and certainly not the last, that Tesla makes price adjustments. Between the slowdown in consumption in its major markets such as the United States and China, and fierce competition from the same China, the American manufacturer is riding on economic activity to maintain its sales level.

This batch of price cuts comes as Tesla announced 435,059 vehicles delivered in the third quarter, an unprecedented decline compared to the previous quarter. Tesla, however, maintained its objective of 1.8 million vehicles sold This year.

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