Elon Musk's Tesla slashed the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday after first-quarter deliveries came up short of expectations.
The valuable electric-vehicle maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants now cost $47,990 and $51,490, respectively, the Tesla website now shows.
"Affordabiity is key to our mission," Tesla North America posted on X, the social media platform owned by Musk.