Tesla Model Y now starts at $49,990, down nearly 6% from its previous price of $52,990.
The reduction follows price cuts in May on Tesla's Model 3, Model X, and Model S
Photo Credit: Reuters
Tesla cut the price of its sport utility vehicle Model Y by $3,000 (roughly Rs. 2,25,400), just four months after its launch, as the US electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on Tesla's Model 3, Model X, and Model S. The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry.
The Model Y now starts at $49,990 (roughly Rs. 37.56 lakh), down nearly 6 percent from its previous price of $52,990 (roughly Rs. 39.81 lakh), according to the carmaker's website.
Tesla did not immediately respond to a Reuters request for comment.
The company started deliveries of the Model Y in March, promising a much-awaited crossover that will face competition from European carmakers like Volkswagen AG rolling out their own electric rivals.
In April, Tesla had said the Model Y was already profitable, marking the first time in the company's 17-year history that one of its new vehicles turned a profit in its first quarter.
© Thomson Reuters 2020
Poco M2 Pro: Did we really need a Redmi Note 9 Pro clone? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.