NPR

Tesla slashes prices across all its models in a bid to boost sales

The price cuts will make Tesla more competitive and will also mean the base model of the Model Y, the best-selling electric vehicle in America, could qualify for a revamped federal tax credit.
Tesla's Model Y is on display at a Tesla showroom in a shopping mall in Beijing on April 29, 2022. The electric car maker cut prices for its models in a bid to boost sales.

Tesla has cut the prices of its most popular models by up to 20% in the U.S. and Europe in an effort to boost sales as competition intensifies — a move that ensures more of its models can qualify for a federal tax credit for electric vehicles.

The price cuts will make the Model Y, the best-selling electric vehicle in the

You’re reading a preview, subscribe to read more.

More from NPR

NPR3 min read
Like To Bike? Your Knees Will Thank You And You May Live Longer, Too
New research shows lifelong bikers have healthier knees, less pain and a longer lifespan, compared to people who've never biked. This adds to the evidence that cycling promotes healthy aging.
NPR2 min read
Iranian President Ebrahim Raisi, A Hard-liner Who Crushed Dissent, Dies At 63
Iran's ultraconservative president, killed in a helicopter crash, oversaw a crackdown on women's protests and was linked to extrajudicial killings in the 1980s.
NPR3 min read
Taiwan's New President Urges China To Stop Its Military Intimidation
Taiwan's new President Lai Ching-te in his inauguration speech has urged China to stop its military intimidation against the self-governed island Beijing claims as its own territory.

Related Books & Audiobooks