Tesla cuts prices for 6th time this year on eve of Q1 earnings

A Tesla store in Chicago on April 15. Tesla reported global deliveries of 422,875 in the first quarter, a 4.3 percent increase compared with the previous quarter. The small quarter-on-quarter growth suggests that recent price cuts have helped maintain momentum amid rising EV competition. (DAVID PHILLIPS)

April 19, 2023 10:32 AM

Tesla Inc. cut U.S. prices for its best-selling Model Y crossover and entry-level Model 3 sedan on the eve of first-quarter earnings that post after the market close Wednesday.

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