Skip to content
Green
Hyperdrive

Tesla Slashes Prices Up to 20% in Broad Bid to Boost Sales

  • Base Model Y in US drops $13,000, Model S Plaid falls $21,000
  • Carmaker also reduces prices in Germany, the UK and France
Bloomberg business news
Tesla Slashes Prices Up to 20% in US, EU Markets
Updated on
From

Tesla Inc. cut prices across its lineup in the US and major European markets in the carmaker’s latest effort to stoke demand after several quarters of disappointing deliveries.

The company lowered the cost of the cheapest Model Y by 20% and lopped as much as $21,000 off its most expensive vehicles in its home market. Tesla also made major reductions in countries including Germany, the UK and France a week after its second round of cuts in China since October.