Tesla INC cuts the price of its latest Model Y SUV to facilitate sales

07/15/2020

Posted by: Oluwaseun Solomon

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The popular electric carmaker, Tesla INC has now slashed the price of its new Model Y electric SUV by ₦1.2million amidst the COVID-19 pandemic. Read more!

Fresh reports have it that Tesla Motors has recently announced a ₦1.2million ($3,000) cut from the starting price of its latest Model Y SUV due to economic disruptions caused by the COVID-19 pandemic. This new price reduction is actually coming after the company has similarly slashed the price of its Model S, Model X, and Model 3 just 2 months ago because of the pandemic as well.

Tesla-Model-Y-SUV

Tesla INC cuts the price of its latest Model Y SUV by approx. ₦1.2million due to COVID-19 related reasons

The global automotive market is no doubt among the top industries that are currently struggling to survive amidst the COVID-19 pandemic that has taken the whole world by surprise. Tesla Motors, despite being a big player in the electric car market that has been making huge progress amidst the pandemic but still suffers some of the economic disruptions nonetheless.

According to recent reports, Tesla Motors has now announced that its Model Y SUV will be offered at a starting price of ₦19.4million ($49,990) which is about 6% lesser than the initial price of ₦20.6million ($52,990) stated on the company’s website.

The reports claim that Tesla didn’t immediately respond to several requests for comments on its reasons for the sudden price cut. However, Tesla’s recent official press release has now confirmed that the various economic disruptions caused by the COVID-19 pandemic led to the decision.

>>> Read also: 8 astounding facts about Tesla, the richest car brand on earth

To get a better idea of the interior, exterior, speed, and performance of the latest Tesla Model Y electric SUV, check out a review video below:

>>> Visit Naijauto every day to get the automotive industry updates.

>>> Also check out other topics: Car tips and adviceCar price updatesCar reviews, and Cars for sale!

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Oluwaseun Solomon

Oluwaseun Solomon

Market news

Oluwaseun Solomon is a prolific and diligent automobile writer at Naijauto.com. He's also an experienced digital marketer and a creative multimedia developer that specializes in video editing. He currently contributes informative and easy to read articles on topics covering transportation, traffic updates, auto industry updates, and different car reviews.
When Solomon is not writing, you will either find him composing music, editing videos or simply enjoying YouTube "TEDx Talk" videos with a chilled drink :)

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