Hyperdrive

Tesla Spends Weekend Cutting Prices of Cars and FSD Software

Full Self-Driving package in US slashed by a third to $8,000
Round of discounting bookends hectic week started by job cuts

WATCH: This year has been unruly for Tesla amid a stock slide, slumping sales, confusing product decisions and more price cuts. Peter Vercoe reports.Source: Bloomberg

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By Dana Hull and Peter Vercoe

April 21, 2024 at 1:10 AM UTC

Updated on

April 21, 2024 at 7:36 AM UTC

This article is for subscribers only.

Tesla Inc. spent the weekend cutting prices of its models across China, Europe and the US amid slumping sales and a glut of inventory.

Late Saturday, the company led by Elon Musk also slashed the price of the driver-assistance software that it calls Full Self-Driving, or FSD, by a third to $8,000 in the US.