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Tesla cuts the price of its Model S in US

Reuters
Tesla Inc said yesterday it has cut the price of its Model S sedan in the United States and China, days after the electric-car maker reported record quarterly deliveries.
Reuters

Tesla Inc said yesterday it has cut the price of its Model S sedan in the United States and China, days after the electric-car maker reported record quarterly deliveries.

The firm, which is expected to report third-quarter results on October 21, cut the price to US$71,990 from US$74,990 in the US. It also cut the starting price of Model S by 3 percent in China.

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