Tesla drops prices on key models

Tesla is again cutting the price of its Model 3, now $38,990 from $40,240. File Photo by Keizo Mori/UPI

Oct. 6 (UPI) — Tesla announced another round of price cutting on a handful of its signature vehicles in some of its top markets around the world after soft third-quarter deliverables.

The electric carmaker said it will cut costs by as much as 4.2% in the United States for the Model Y SUV and Model 3.

Tesla earlier had cut the cost of its Model 3 by about 17% and a 26% reduction…

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