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Tesla Drastically Reduces Prices of Model 3 and Model Y in the U.S. Up to a 23% Drop

Tesla has drastically reduced prices of its vehicles in the U.S. by as much as 23%.
Tesla Drastically Reduces Prices of Model 3 and Model Y in the U.S. Up to a 23% Drop

Price Reduction of Tesla Vehicles in the U.S.

Tesla has just reduced the prices of their Model 3 and Model Y vehicles in the United States - some by a whopping 23%:

* The Model 3 RWD is now $43,990 from $46,990 - a 6.4% drop
* The Model 3 Performance is now $53,990 from $62,990 - a 14.2% drop
* The Model Y Long Range is now $52,990 from $65,990 - a 20% drop
* The Model Y Performance is now $56,990 from $69,990, a 23% drop

These prices are a good move for Tesla which was having increasing Model Y vehicles in inventory due to the tax credit. The tax credit is now a mute point as the prices are decreased by well over $7,500 in most cases

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Will Prices Be Reduced Anywhere Else?

These price cuts come after there were similar drastic reduction in prices in Tesla China recently.

It's important to note that Tesla is trying to transition the world to sustainable Energy and their intention was never to have expensive cars that were unaffordable.

All Model Y vehicles, except the performance, will qualify for the $7,500 EV tax credit now because they are under the $55,000 limit. The 7 seater Model Y option is also $4,000 up from $3,000.

There are Tweets from Canadian prices of Tesla where prices have significantly dropped too. The Model 3 SR will be getting an $8K rebate there.

I expect to see Tesla demand shoot through the roof in the U.S. now.

Prices Decreased in Germany

* Model Y RWD: 44,880€ (from 56,990€, 21.2% drop)
* Model Y Long Range: 54,990€ (from 56,990€, 3.5% drop)
* Model Y Performance: 64,990€ (from 65,490€, 0.76% drop)
* Model 3 RWD: 49,990€ (from 43,990€, 12% drop)
* Model 3 LR: 53,990€ (from 59,490€, 9.2% drop)
* Model 3 P: 60,990€ (from 63,490€, 4% drop)

In Related News: Tesla Reaches Important 1 Million Milestone

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Tesla, Screenshot

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