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Tesla’s Model Y just got cheaper, but BYD is still miTesla Model Y price cut fails to beat BYD in global EV price warles ahead
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Tesla has cut prices on its bestselling models to compete with Chinese rivals that have been giving it a run for its money.
On October 7, the company reduced the sticker prices of Model Y and Model 3 by $5,000 each, aiming to offset the $7,500 federal tax credit for new electric-vehicle purchases that expired on September 30. The cheaper models first unveiled in the U.S. won’t include some premium features, including autosteer, touchscreens, and heated rear seats.
The price reduction…
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