Tesla slashes Model 3 and Product Y base prices, raises themselves for higher-end variants

What just came? Tesla has done well lately, managing to deliver nearly 200, 000 vehicles in 2020. Nevertheless , it isn’t leaving well-enough alone: to raise sales even further, the carmaker owns slashed the prices of both the Product 3 and Model Y’s easy-to-follow variants.

The price cuts aren’t good deal, especially compared to previous mark-downs coming from Tesla, but they might just be enough drive an automobile a few extra sales. According to Reuters news agency, the Standard Range Plus Model 10 has been reduced in price from $37,990 to $36,990, which is a fairly modest discount.

The Standard Range Model Y, on the other hand, has gotten a slightly more significant price cut of $2,000. That brings the upfront cost to $39,990, down from $41,990.

Unfortunately, the higher-end versions of the Model Y and 3 are not receiving the same deductions — quite the opposite. The Performance Model Y and 3 variants will each cost $1,000 more moving forward, bringing prices to $60,990 and $55,990, respectively.

Tesla hasn’t explained either of these decisions, and it probably won’t do so anytime soon. The company chose to entirely eliminate its PR department last year, so as much as we’d like a bit more clarity here, we’ll simply have to assume the price tweaks are an attempt for Tesla to maintain a slight edge over the increasing number of competitors it now faces.

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