Singapore Tesla Model 3 and Model Y prices drop. According to its website, Tesla Inc (TSLA.O) dropped Model 3 and Model Y pricing in Singapore by 4.3% to 5% on Friday.
The website revealed that Tesla dropped pricing for Real-Wheel Drive Model 3 and Model Y by S$4,000 ($3,020) and Dual Motor All-Wheel Drive by S$5,000.
This year, the U.S. electric car maker has lowered prices in several areas, notably the U.S. and China, to boost demand, raising investor and analyst concerns about profitability.
As Washington prepares to limit E.V. tax incentives, Tesla cut its U.S. vehicle prices for the seventh time this year last week.
In January, Tesla gave limited-time discounts to Singaporean purchasers who bought Model 3 or Model Y inventories. Still, it did not lower prices as it did in South Korea, Japan, and Australia.
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