Tesla Cuts Prices In Germany As Model Y Sales Crater

Tesla Model Y
Tesla Model Y

Last year, with CEO Elon Musk prioritizing sales over profits, Tesla slashed prices in the U.S. Of course, it didn’t happen all at once. It felt like every few weeks the price of a new Tesla was changing yet again. And while the pricing changes may have upset some buyers whose Teslas’ values dropped dramatically, it did lead to better sales. Now, as Automotive News reports, Tesla is trying that same approach in Germany.

Both the Model Y Long Range and Model Y Performance are now €5,000 cheaper, bringing their prices down nine percent to €49,990 and eight percent €55,990 respectively. The rear-wheel drive Model Y now costs €42,990, which works out to a discount of €1,900 or 4.2 percent.

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