Pandemic pushes Tesla Model Y price down

Tesla Model Y unexpectedly received a drop in the sale price after the coronavirus pandemic still afflicts most of the world’s car makers

Tesla has announced another promotion where it lowered the price of the new Model Y SUV after the pandemic from the deadly virus has also dealt major blows to the international automotive industry. The new Tesla Model Y now starts at 49,990 euros, almost 6% below the original price of 52,990 euros, according to the automaker’s website.

Car manufacturers are trying to limit losses in their sales by launching new sales stimulus measures. Among the new measures are tempting financing, extending the guarantee, formulating new packages for long-term rental and lowering the selling prices of models.

Indicative of the concern in the American automotive industry about the evolution of sales volumes that the price of the Model Y SUV, by $3,000, was announced just four months after its release. Tesla is seeking to maintain sales momentum despite the COVID-19 pandemic, Reuters reports.

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Tesla Model Y price

It should be noted that the price reduction of the new compact SUV followed similar price reductions in May on the Tesla 3, Model X and Model S models. The company, led by Elon Musk, experienced a smaller-than-expected drop in car deliveries in the second quarter, although the pandemic hit the global automaker.

The Us company launched its Model Y deliveries in March and is trying its new model to face competition from European automakers such as Volkswagen that will release its own pure electric models from the second half of the year.


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