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Tesla Shaves $3,000 Off Model Y Price Months After Sales Start

Tesla Model Y.
Tesla Model Y.Photographer: Patrick T. Fallon/Bloomberg

Tesla Inc. has cut the price of its Model Y crossover by $3,000 less than four months after starting sales.

The starting price is now $49,990, according to Tesla’s website. The electric-car maker had been charging $52,990 since beginning deliveries in mid-March.