The starting prices were reduced for the Model Y, S and X. Earlier this week Tesla announced layoffs and a recall of nearly 4,000 of its Cybertrucks.
United States late Friday another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk.
small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S
its older and more expensive models
The cuts reduced the starting price for a Model Y to $42,990 and to $72,990 for a Model S and $77,990 for a Model X
eliminating all gains made over the past year
company’s stock price has dropped about 40% so far this year amid falling sales and increased competition
Musk posted early Saturday on X
that the cost of an entry-level Tesla was as low as $29,490 once a federal tax credit and gas savings were factored in.