Tesla Model Y
The electric car manufacturer cut prices on some of its models, the sixth time the company has done so this year
It's the second time this month Tesla has cut prices, after doing so on some of its more expensive models less than two weeks ago.
Company lowered U.S. prices by up to 20%, making some vehicles eligible for federal EV tax credit.
the company said earlier this month it delivered a record number of vehicles in the first quarter, as price cuts stoked demand.
Prices of Model Y vehicles were reduced, with the Model Y Long Range and Model Y Performance now $3,000 cheaper each.
The Model Y AWD went from $49,990 to $46,990; the Long Range from $52,990 to $49,990; and Performance from $56,990 to $53,990.
Model Y now starts at about $47,000, down from $50,000. Prices for all three trims, the all-wheel drive version
All other Tesla models retained the full $7,500 credit. That is for vehicles that initially qualified for the credit.
The price of a long range version of the Model Y started out 2023 at about $66,000.