Tesla lowers Model 3 and Y prices amid growing competition
Fox News
Tesla is cutting the price of its entry level Model 3 and Model Y vehicles as new electric competitors from Chevy, VW and Ford enter the segment.
However, the price of the Performance versions of both models has been raised by $1,000 to $55,990 for the Model 3 and $59,990 for the Model Y. The Model 3 Standard Range Plus is rated at 263 miles per charge and the Model Y Standard Range at 244 miles. The move follows Sunday's debut of the Chevrolet Bolt EUV, which is smaller than the Tesla Model Y, but starts at $33,995.
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