- Hot on the heels of a $2,000 discount on various models in the USA, Tesla has now cut prices in selected European, Middle East, and African countries.
- The price drop seems to be in line with US discounts, with the Model 3 dropping from €42,990 to €40,990 on its German website.
- The move comes as Tesla attempts to further push its inventory, after it reported a decline in the number of vehicles delivered.
Tesla models get cheaper across the globe
After the US price drop we reported on yesterday, China also saw an equivalent $2,000 reduction on a range of models this weekend, alongside this reduction across various EMEA regions. This is just one of several reductions made by Tesla in the past week, which also included reducing its Supercharger membership cost to attract more customers, and cutting 10% of its workforce to aid future growth.
Tesla hasn’t yet specified which territories will take advantage of the price drops. However, prices on the UK-specific site haven’t moved from their previous price, with the Model 3 still starting at £39,990, at the time of publishing. This is one to watch as next week progresses, however. A similar UK reduction would make the price entry-level Model 3 an even more competitive option by bringing it down to £37,990, and further undercutting rivals such as the £44,950 Polestar 2 and £45,695 BYD Seal. It remains to be seen whether the company will be capable of cutting prices again across the globe in the future, further fanning the EV price war.
