Tesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries
The starting price for the Model 3 is listed at $38,990 on Tesla’s website, down from $40,240 previously
And the Model 3 Performance fell to $50,990 from $53,240
Tesla’s Model Y Performance sports utility vehicle now starts at $52,490, down from a previous price of $54,490.
Tesla began cutting the prices of its cars across the world in a bid to stoke demand amid concerns over slowing
Tesla regularly tinkers with the price of its cars, especially in its biggest markets of the U.S. and China.
price cuts comes just days after Tesla reported third-quarter deliveries of 435,059 vehicles
Tesla put the fall down to factory upgrades which caused manufacturing sites to have downtime.
CEO of Tesla, has made no secret of the carmaker’s desire to chase higher volume over bigger margins this year.
So far, that has paid dividends for the stock with shares up over 100% this year.
Tesla is still looking to deliver 1.8 million vehicles this year.
The long range Model 3 fell from $47,240 to $45,990.
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