Retail

Tesla price cuts ignite a surge in shopping

Tesla Model Y
With a potential savings of $20,500 on the Model Y — the bestselling EV in the U.S. and globally — Tesla will win over shoppers who had been considering other EV brands, Edmunds said.
January 20, 2023 02:57 PM

Tesla Inc.'s price cuts across its EV lineup are having their intended effect: Shoppers are flocking to automobile websites to research America's top electric brand. That will fuel greater sales and growing market share, analysts said.

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