Tesla Slashes Prices on Model 3 and Model Y Vehicles Amid Slowing EV Market

Tesla cuts prices of Model 3 and Model Y vehicles in the US by 2.7% to 4.2%
Cuts come a month after Tesla lowered prices for Model S and Model X cars
Price drops seen as move to counter slowing EV market and increased competition
Model 3 prices now start at $38,990, a drop of $1,250
Model Y Long Range variant now $48,490 after $2,000 price cut
Model 3 standard prices down 17%, Model Y Long Range over 26% this year
Price cuts come as Model 3 standard refresh production starting soon
Tesla missed Q3 delivery estimates amid factory upgrades for new Model 3
Base Model Y rear-wheel drive price remains at $43,990
No price changes for premium Model S and Model X models