American electric car manufacturer Tesla announced that they have made another reduction in their prices in the USA.
China can develop electric vehicles much cheaper, with the advantages of economies of scale and proximity to raw materials.
Manufacturers, disturbed by this situation, pressed the button to produce cheaper cars. In addition, brands want to participate in the competition by reducing the prices of existing models.
Industry officials say that the only way to compete with Chinese manufacturers is with affordable vehicles.
Tesla, which had previously made discounts in China and Europe and was criticized by its competitors, has reduced its US prices this time.
In the announcement made on the Tesla website, it was stated that the prices of the RWD and Long Range versions of Model Y will be reduced until February 29, and these prices will increase by $ 1000 or more starting from March 1.
Model Y rear-wheel drive and Model Y Long Range versions are reduced by $1,000 in the US, to $42,990 and $47,990.
According to the announcement, the prices of the Model Y Performance version and other models have not changed.
After China, Tesla also reduced prices in Germany. These discounts implemented by Tesla are seen as an attempt to put pressure on its competitors.
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