Tesla drops EV prices by 6% in NA

Tesla, seeking to boost demand for its vehicles in North America, cut the price of its vehicles by 6 per cent. The move comes as the electric vehicle maker experienced a decline in the region due to COVID-19 restrictions. “Tesla also said its Supercharger quick-charging service will no longer be free to new customers of its Model S sedans and Model X sport utility vehicles (SUVs),” said Reuters. U.S. auto retail sales are anticipated to have slipped by half in April, year-over-year. Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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