Tesla cuts prices in the US and Europe by up to 20 percent

Tesla is cutting prices throughout Europe and in the US. Reuters reports that prices for a Model Y rear wheel drive have dropped by 17 percent in Germany, with cuts of 20 percent for the Model Y long range in the US. Tesla has also cut prices for its Model X and Model S in the US. The price cuts arrive less than a year after Tesla made multiple price hikes in 2022.

Today’s changes put the prices of the Model 3 and Model Y below the listed price they were at before Tesla’s initial big price hikes almost a year ago. EV researcher Troy Teslike has compiled a list showing the price changes in the US, with the Model Y long range now $13,000 cheaper before the tax credit and $20,500 cheaper including the credit. That’s a 31 percent discount in...

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