Tesla cuts $3,000 off the price of its Model Y SUV

Posted at 11:05 AM, Jul 13, 2020
and last updated 2020-07-13 14:05:21-04

Tesla is cutting $3,000 off the price of its Model Y SUV. The electric sports utility vehicle now starts just under $50,000 for the long-range dual-motor version.

This comes after Tesla cut prices in may on several other models including the 3 and the X'

The company can apparently afford the price-cuts Tesla's stock has continued to beat records and closed Friday with shares surging 11 percent.