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Tesla Lowers Prices for Model Y and Model 3

Tesla announced on Friday that it has lowered prices for its Model Y and Model 3 vehicles in the United States and Europe.

Tesla model y and model x
Tesla Model Y and Model X

The company attributes this to the normalization of cost inflation, which allows them to pass the savings onto customers.

Tesla Cites Cost Inflation for Price Reduction

"At the end of a turbulent year with interruptions to the supply chain, we have achieved a partial normalization of cost inflation, which gives us the confidence to pass this relief onto our customers," said a spokesperson for Tesla Germany. This move makes Tesla's electric vehicles more accessible to customers.

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