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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Business

Tesla Japan lowers Model 3 and Y costs.

The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nichols... The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/
The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nichols... The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/

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Tesla Inc. (TSLA.O) dropped Japan’s Model 3 and Y prices by low single-digit percentages.

According to its website, Tesla cut Model 3 and Model Y pricing by 3% and 4%, respectively. Tesla said the Model 3’s price drop made it cheaper in Japan with subsidies.

Two months after raising Model 3 and Y prices in Japan, the company lowered them. In Japan, Model 3 costs 5,245,600 yen ($36,362) and Model Y 5,637,000.

Long-range and performance models cost more.

Tesla maintained Model S and X prices in Japan, which began taking orders in May.


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