Tesla’s India letdown spurs discounts on unsold Model Y SUVs

Sluggish demand has left roughly 100 vehicles in search of buyers four months after the Elon Musk-led company shipped in a batch of about 300 Model Y sport utility vehicles, said the people, who didn’t want to identified because the information isn’t public. To clear out unsold stock, Tesla is offering discounts of as much as Rs 2,00,000 ($2,200) on certain variants of the SUV, they said.It’s an early sign of challenges as Tesla attempts to crack the world’s third-largest passenger-vehicle market with one ...