Transportation
Tesla Offers Steep Discounts on SUVs Piling Up in Inventory
- Company is marking down certain Model Ys by at least $5,000
- Production exceeded deliveries by 46,561 vehicles last quarter
Tesla is offering deals after producing 46,561 more vehicles than it delivered in the first quarter.
Photographer: Toru Hanai/BloombergTesla Inc. is slashing prices of its best-selling vehicle in a bid to clear its biggest-ever stockpile.
The company is marking down Model Y sport utility vehicles it has in inventory, with the rear-wheel drive version going for $4,600 less than the cost to custom order the sport utility vehicle. Long-range and performance Model Ys are discounted by at least $5,000.