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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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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…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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