Tesla cuts Model Y prices in US to boost sales as competition from China heats up

Tesla has temporarily cut the prices of some of its Model Y cars in the U.S. through the end of February less than a month after the electric vehicle maker cut Model Y prices in Germany. Tesla reduced prices for its Model Y rear-wheel drive and Model Y Long Range by $1,000 each to $42,990 and $47,990, respectively. The temporary price cuts run until Feb. 29 and represent discounts of 2.3% and 2%, from the previous models’ respective prices.The EV-maker opted against cutting prices for its Model Y Performanc ...