Tesla Cuts US Prices for 6th Time This Year

Tesla Cuts US Prices for 6th Time This Year
Members of media and guests surround the Tesla Model Y and Model 3 during Thailand Tesla's official launch event in Bangkok on Dec. 7, 2022. Athit Perawongmetha/Reuters
Reuters
Updated:

Tesla Inc. cut prices for some of its Model Y and Model 3 vehicles in the United States for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world.

The cuts came ahead of Tesla’s first-quarter earnings. Tesla on Wednesday posted its lowest quarterly gross margin in two years, missing market estimates.