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Wales Online
Wales Online
National
Neil Lancefield (PA) & Steven Smith

Tesla slashes prices of its cars by thousands - leaving new owners fuming

Motorists who bought a Tesla in recent weeks expressed their anger after the car maker slashed prices by thousands of pounds on Friday. The starting price for a Model Y has been cut by £7,000 to £44,990 while the price for an entry level Model 3 has been reduced by £8,100 to £42,990.

They were the top two best-selling cars in the UK last month, with a total of 16,368 registered at the previous, higher prices. Consumer website Electrifying.com calculated that drivers who bought a Tesla last month could have saved a total of £130 million if they had waited for the discounts, which are being implemented around the world.

Tesla, led by billionaire Elon Musk, slashed its prices after its deliveries for the last three months of 2022 were below market expectations. Several members of a Facebook group for UK Tesla owners expressed their frustration at the policy.

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