Tesla Cuts Prices Of Base Variants Of Model 3, Model Y On Its Website
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Tesla Inc has reduced the price of its cheaper variants of the Model 3 sedan and the Model Y sports utility vehicle (SUV), while raising prices for their performance variants, the electric-car maker’s website showed. The price of its Model 3 Standard Range Plus has been lowered to $36,990 from $37,990, while the Model Y Standard Range’s price came down to $39,990 from $41,990, according to the website.
The carmaker has been making various models in its lineup more affordable at a time when legacy automakers are trying to make inroads in the electric vehicle market.
The standard range of the Model Y was launched in January, bringing its SUV’s price closer to that of the Model 3 sedan, the electric-car maker’s least expensive car.
The prices for the Performance variant of the Model 3 rose to $55,990 from $54,990 and Model Y to $60,990 from $59,990, the website showed.
The price cuts come as Tesla looks to ramp up its deliveries. Overall, the company delivered 499,550 vehicles during 2020, above Wall Street estimates of 481,261 vehicles.
Questions & Answers
Q.Which specific Tesla models and variants have had their prices reduced?
Which specific Tesla models and variants have had their prices reduced?
The price of the Model 3 Standard Range Plus has been lowered to $36,990 from $37,990. The Model Y Standard Range's price also came down to $39,990 from $41,990.
Q.Why is Tesla adjusting the prices of its vehicles at this time?
Why is Tesla adjusting the prices of its vehicles at this time?
The carmaker has been making various models more affordable as legacy automakers try to enter the electric vehicle market. The price cuts also come as Tesla aims to increase its deliveries.
Q.Have any of Tesla's model prices increased?
Have any of Tesla's model prices increased?
Yes, prices for the Performance variant of the Model 3 rose to $55,990 from $54,990. The Model Y Performance variant also increased to $60,990 from $59,990.
Q.How many vehicles did Tesla deliver in 2020?
How many vehicles did Tesla deliver in 2020?
Tesla delivered a total of 499,550 vehicles during 2020. This delivery figure was higher than Wall Street estimates, which stood at 481,261 vehicles.
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