Tesla Slashes Prices on Model 3 and Model Y Vehicles in U.S. After Missing Q3 Delivery Targets

Tesla cuts prices on some Model 3 and Y vehicles in the US after missing delivery estimates
Model 3 now starts at $38,990, down from $40,240 previously
Model Y Performance SUV drops from $54,490 to $52,490
Cuts follow nearly 20% price drops in September on Model S and X EVs
Tesla began lowering prices late 2022 amid consumer slowdown and competition
CEO Elon Musk willing to sacrifice margins for volume and market share
Tesla says factory upgrades led to Q3 delivery slump, 2023 volume target unchanged