Hyperdrive

‘I Feel Like I Got Duped’: Tesla Price Drop Angers Current Owners

  • ‘I feel like I got duped,’ a recent Model Y buyer laments
  • Musk gambit goes beyond industry’s longtime use of rebates
Tesla Slashes Prices Up to 20% in US, EU Markets
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Marianne Simmons, a self-professed “Tesla fan girl,” bought her second electric vehicle from the company in September: a white, high-performance Model Y ringing in at more than $77,000. Then the company slashed prices and she realized she could have bought the same car today at $13,000 less.

“I feel like I got duped. I feel like I got taken advantage of as a consumer,” said Simmons, 32, a web designer in Naples, Florida. “Right off the bat, I’m out $13,306. It’s such a large reduction that it’s going to affect a lot of people who just bought a vehicle.”