FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS\/Lucy Nicholson <\/p>\n
(Reuters) - U.S. electric carmaker Tesla Inc (TSLA.O) reduced the price of its sports utility vehicle Model Y by $3,000, Electrek bit.ly\/327OJoV reported on Saturday. <\/p>\n
Tesla's mid-sized SUV, which is sold as a Long Range or Performance version - is now priced at $49,990, according to the carmaker's website bit.ly\/327lz9y. <\/p>\n
The Performance version will be updated with a new configuration, the report added. <\/p>\n
Tesla did not immediately respond to Reuters request for comment. <\/p>\n
The Model Y was unveiled on March 14 last year, promising a much-awaited crossover that will face competition from European carmakers rolling out their own electric rivals. <\/p>\n
In April, Tesla had said the Model Y was already profitable, marking the first time in the companys history that one of its new vehicles turned a profit in its first quarter. <\/p>\n
Tesla delivered 90,650 vehicles during the second quarter, above estimates for 74,130 vehicles, according to Refinitiv data. It delivered 80,050 units of its new Model Y SUV and Model 3 for the quarter. <\/p>\n
Reporting by Aishwarya Nair in Bengaluru; Editing by Paul Simao<\/p>\n
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Tesla cuts price of Model Y SUV by $3,000, Electrek says - Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS\/Lucy Nicholson (Reuters) - U.S. electric carmaker Tesla Inc (TSLA.O) reduced the price of its sports utility vehicle Model Y by $3,000, Electrek bit.ly\/327OJoV reported on Saturday Continue reading