(Reuters) – Tesla Inc reduce the price of its sport utility automobile Model Y by $3,000, simply 4 months after its launch, as the U.S. electrical carmaker seeks to keep up gross sales momentum within the COVID-19 pandemic.
The discount follows price cuts in May on Tesla’s Model 3, Model X and Model S.
The firm headed by Elon Musk this month posted a smaller-than-expected fall in automobile deliveries within the second quarter, resilient outcomes regardless of the pandemic that hit the international auto business.
The Model Y now begins at $49,990, down practically 6% from its earlier price of $52,990, based on the carmaker’s web site.
Tesla didn’t instantly reply to a Reuters request for remark.
The firm began deliveries of the Model Y in March, promising a much-awaited crossover that may face competitors from European carmakers like Volkswagen AG rolling out their very own electrical rivals.
In April, Tesla had stated the Model Y was already worthwhile, marking the primary time within the firm’s 17-year historical past that one of its new autos turned a revenue in its first quarter.
(Reporting by Aishwarya Nair in Bengaluru and Hyunjoo Jin in Seoul; Editing by Paul Simao and William Mallard)