© Reuters. 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
BERLIN (Reuters) – Tesla (NASDAQ:) said on Friday that the electric vehicle maker, which cut prices of its Model Y and Model 3 vehicles in the U.S. and Europe overnight, was able to provide its cars at a more accessible price because cost inflation was normalising.
“At the end of a turbulent year with interruptions to the supply chain, we have achieved a partial normalisation of cost inflation, which gives us the confidence to pass this relief onto our customers,” a spokesperson for Tesla Germany said in a statement.
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