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AAP
AAP
Business
Jennifer Dudley-Nicholson

Tesla cuts prices in electric car battle

The Model Y electric car is one of two Tesla models that have had their prices slashed in Australia. (PR HANDOUT IMAGE PHOTO) (AAP)

Australia's two best-selling electric cars have had their prices cut by thousands of dollars in a surprise move by Tesla to counter growing competition in battery-powered vehicles.

The US firm, which suffered a 65 per cent stock market slump in 2022, trimmed as much as $3400 from the cost of its Model Y and $3100 from the cost of its Model 3 electric vehicles in Australia on Friday.

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