Electric vehicle giant Tesla, Inc. (NASDAQ:TSLA) on Saturday implemented a temporary price cut on its Model Y in the U.S. Incidentally, the Model Y was the best-selling car in the world in 2023.
What Happened: Updated pricing available on Tesla’s U.S. Model Y configurator page showed $1,000 price reductions for the rear-wheel drive and long range all-wheel drive variants. The catch is that the reduced pricing is available only until Feb. 29. The price cut will be reversed beginning March 1.
The Model Y Performance price remained unchanged.
The starting price of the RWD variant is now at $42,990 and that of the the long range variant is at $47,990, while the performance variant’s price remains unchanged at $52,490.
Eligible buyers can receive $7,500 federal tax credit, which will be deducted from the purchase price of all new 2024 Model Ys at ...