Tesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations.
The starting price for the Model 3 is listed at $38,990 on Tesla’s website, down from $40,240 previously. The long range Model 3 fell from $47,240 to $45,990. And the Model 3 Performance fell to $50,990 from $53,240.
Tesla’s Model Y Performance sports utility vehicle now starts at $52,490, down from a previous price of $54,490.
Beginning at the end of last year, Tesla began cutting the prices of its cars across the world in a bid to stoke demand amid concerns over slowing consumer spending in markets like the U.S. and China and as competition in the electric vehicle space ramped up.
I was drawn to them when they were new and different and it seemed like some of the problems were just growing pains. Now it seems like Tesla started as a great idea and quickly got steamrolled into a clown show like everything else Elon touches. At one point I wanted a model 3 but now I’d rather have a gas electric hybrid like a Prius or something and an ebike or scooter.