The starting price for the Model 3 is listed at $38,990 on Tesla's website, down from $40,240 previously.

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.

  • ProphetEnglish
    0•1 year ago

    Seems like anything you buy is somewhat of a gamble. Internal combustion engines/gasoline could be gone or (more likely) far less desirable in 10 years. As manufacturers begin switching to primarily electric cars, finding parts/labor for these vehicles may become challenging. With a hybrid, I wonder if you carry all the same risks (as far as the long term value of the vehicle) as a normal gasoline-powered car.

    But maybe the timeline for this is more like 20 years.