09:09 AM EDT, 04/05/2024 (MT Newswires) -- Tesla (TSLA) is reducing prices of Model Y SUV as the rear-wheel drive will now cost $41,390, down from $45,990 previously, the company said in a post on X.

Performance and long-range Model Y SUV prices will also be slashed by at least $5,000, Bloomberg reported Friday.

The company is cutting down prices as it manufactured 46,561 more vehicles it delivered in Q1, the report said.

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