Overview

• Tesla has cut prices on Model 3 sedan and Model Y SUV models in the US market.
• Price reductions range from 2.7% to 4.2%, lowering starting prices to $38,990 for Model 3 and $52,490 for Model Y Performance.
• Cuts follow disappointing Q3 deliveries that fell short of analyst forecasts, likely due to production downtime from factory upgrades.
• Price drops aim to boost demand amid economic uncertainty and increased competition in the EV market.
• Continued price cuts raise concerns among investors about potential impacts on Tesla's industry-leading profit margins.