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To: roto who wrote (2138)	10/6/2023 1:37:15 AM
From: roto	Respond to of 2786

Tesla cuts US prices of Model 3, Model Y cars By Urvi Manoj Dugar October 5, 20239:53 PM PDTUpdated 37 min ago reuters.com Tesla Model 3 vehicles are shown for sale at a Tesla facility in Long Beach, California, U.S., May 22, 2023. REUTERS/Mike Blake Acquire Licensing Rights Oct 5 (Reuters) - Elon Musk-led Tesla (TSLA.O) cut prices of its Model 3 and Model Y vehicles in the U.S. by about 2.7% to 4.2%, the electric vehicle (EV) maker's website showed on Thursday, about a month after it slashed prices for its premium Model S and Model X cars. Tesla has been cutting prices aggressively this year to counter the effect of a slowing EV market, while fending off competition from upstarts and legacy players. The Model 3 sedan is cheaper by $1,250 to $38,990, while prices of the Model Y long-range variant were cut by $2,000 to $48,490, the car company's website showed. Prices for the standard Model 3 have come down by about 17% since the beginning of the year while the Model Y long-range variant has seen a drop of over 26%. The price drops for the Model 3 also come as deliveries of its refreshed and higher-priced standard version is expected to start in the fourth quarter. The carmaker missed market estimates for third-quarter deliveries earlier this week after planned upgrades at its factories to roll out the newer version of the Model 3 mass-market sedan forced production halts. Tesla on Thursday also cut prices for its higher-priced variants of Model Y and Model 3. The price for the base Model Y rear-wheel drive, which Tesla reintroduced earlier this week, remained the same at $43,990. Prices for the premium Model S and Model X did not change on Thursday.