Tesla cuts price of Model Y SUV by US$3,000: Report

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Tesla cuts price of Model Y SUV by US$3,000: Report
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U.S. electric carmaker Tesla Inc reduced the price of its sports utility vehicle Model Y by US$3,000, Electrek https://bit.ly/327OJoV reported on ...

PALO ALTO: US electric carmaker Tesla reduced the price of its sports utility vehicle Model Y by US$3,000, Electrek reported on Saturday .

Tesla's mid-sized SUV, which is sold as a Long Range or Performance version – is now priced at US$49,990, according to the carmaker's website.Tesla did not immediately respond to Reuters' request for comment. The Model Y was unveiled on Mar 14 last year, promising a much-awaited crossover that will face competition from European carmakers rolling out their own electric rivals.

In April, Tesla had said the Model Y was already profitable, marking the first time in the company's history that one of its new vehicles turned a profit in its first quarter.Tesla delivered 90,650 vehicles during the second quarter, above estimates for 74,130 vehicles, according to Refinitiv data. It delivered 80,050 units of its new Model Y SUV and Model 3 for the quarter.

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