Tesla cuts prices on electric vehicles for US market
The price cuts, announced late Thursday in U.S. time on the Model 3 and Model Y, ranged between 6 per cent and 20 per cent compared with the prices that held before the discount, according to a Reuters calculation.
That is before accounting for a $7,500 federal tax credit that took effect for many electric vehicle models as of the start of January.
Tesla had also cut prices in China and other Asian markets last week.
Along with a previous price cuts announced in October and recent incentives, the China price for a Model 3 or Model Y was down 13 per cent to 24 per cent from September after the recent move, Reuters calculations showed.
Tesla has also cut prices in South Korea, Japan, Australia and Singapore.
Tesla's main market is the United States, and its second largest market is China.
Source: Reuters
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