Tesla Cuts US Prices by $2,000 as Sales Slow, Inventories Swell

Tesla Inc. cut prices of its best-selling Model Y, as well as the Model S and X, by $2,000 after disappointing first-quarter sales contributed to swelling inventory.

The cheapest version of the Model Y is now $42,990 in the US, returning the sport utility vehicle’s starting price to the lowest it’s been. Tesla also discounted the two other more expensive versions of the Model Y by $2,000, and dropped the price of the Model X to its lowest yet.