Tesla is cutting prices throughout Europe and in the US. Reuters reports that prices for a Model Y rear wheel drive have dropped by 17 percent in Germany, with cuts of 20 percent for the Model Y long range in the US. Tesla has also cut prices for its Model X and Model S in the US. The price cuts arrive less than a year after Tesla made multiple price hikes in 2022.
“At the end of a turbulent year with interruptions to the supply chain, we have achieved a partial normalization of cost inflation, which gives us the confidence to pass this relief onto our customers,” says a Tesla Germany spokesperson in a statement to Reuters.
Today’s changes put the prices of the Model 3 and Model Y below the listed price they were at before Tesla’s…