Tesla saw record sales in the third quarter as buyers rushed to take advantage of the $7,500 EV tax credit before its expiration on September 30
Tesla unveiled cheaper versions of its best-selling Model Y, priced at $39,990. The company hopes the move will boost sales by offsetting the impact of expiring key tax incentives for EV buyers.
Tesla saw record sales in the third quarter as buyers rushed to take advantage of the $7,500 EV tax credit before its expiration on September 30.
The standard version of the affordable Model Y is 11% cheaper than the base model.