Tesla significantly reduces EV prices in the United States and Europe

Tesla has reduced prices significantly across its lineup in the United States and Europe. The company tries to boost their sales. The Model 3 RWD, the cheapest electric vehicle, has dropped from $46,990 to $43,990, while the Model Y Long Range, which has five seats, has dropped 20% from $65,990 to $52,990. As a result, the latter model will now be eligible for the $7,500 US Federal Tax Credit, resulting in a price reduction of $20,500, or more than 30%.

Tesla significantly reduces EV prices in the United States and Europe

The company has rolled up its sleeves to boost the sells in some different regions. Asian market saw the first price reduces and now USA along with Europe will follow. Price reductions were made to all other models, including the regular and plaid versions of the Model S and Model X, as well as the performance versions of the Model 3 and Model Y. However, the Model Y's 7-seat option has increased in cost by $1,000 to $4,000 now. Even though that puts the cost above $55,000, the SUV-type vehicle still qualifies for the Tax Credit. Prices for the Model 3 and Y were reduced by one to 17 percent in Germany, and they were also reduced in Austria, Switzerland, and France.