Home / Business / Tesla lowers the starting price of its electric SUV model Y – TechCrunch

Tesla lowers the starting price of its electric SUV model Y – TechCrunch



Tesla has lowered the price of another vehicle. This time it’s the Model Y, an electric SUV that the company shipped in March. The long-range all-wheel drive version of the car is now listed at a purchase price of $ 49,990 or $ 3,000 less than before. The new pricing of the car was first reported by Electrek at the weekend.

In May Tesla Lower prices for some of its electric cars, including high-end vehicles like the Model S sedan and Model X SUV. The new pricing comes as U.S. automakers try to attract buyers despite the economic impact of the COVID-19 pandemic.

The traditional three major U.S. automakers Ford, GM, and Fiat Chrysler Automobiles are offering 0% financing rates in addition to deferred or longer-term payment options, while other automakers have also announced incentives and payment plans to target and keep existing defaults credit cardholders.

Earlier this month, Tesla announced it had delivered 90,650 vehicles in the second quarter. This is equivalent to a 4.8% decrease due to the pandemic and the cessation of production at its US headquarters for several weeks, which is still better than analysts had expected. Most deliveries, or 80,050, were Model 3 and Model Y, while the remaining 10,600 were the high-end Model S and Model X.


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