Tesla temporarily slashes prices for some Model Y cars in the US By Reuters

© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo

(Reuters) -Tesla Inc has temporarily cut prices of some of its Model Y cars in the U.S. till Feb 29, less than a month after the carmaker cut Model Y prices in Germany.

Tesla (NASDAQ:) reduced prices for its Model Y rear-wheel drive and Model Y Long Range by $1000 to $42,990 and $47,990 respectively, representing a discount of 2.3% and 2% from prices previously.

The price of the Model Y Performance remained unchanged, according to the website.

New Model Y rear-wheel drive and Long Range model prices will be reduced for deliveries now through Feb. 29, Tesla said in a notice on its website, adding that price would increase by $1,000 or more on March 1.

The latest price cut comes after Tesla slashed prices of its Model Y cars in Germany last month, after most of its car production at its Berlin factory was suspended due to a lack of components after attacks the in Red Sea caused shipping disruptions.

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