Tesla Motors, Inc. (NASDAQ: TSLA) – Tesla Stops Taking Orders for Basic Model Y: Report

Tesla Ing (NASDAQ: TSLA) apparently has stopped taking orders for the cheapest version of its Model Y, Electrek reported.

What happened: Electrek reported that Tesla has canceled the mid-size SUV in a series of confusing changes of direction across the vehicle. The company also removed the model from its online configurator, Electrek said.

Tesla said no reason behind this change.

Why it matters: The carmaker aimed to make some of its vehicles more affordable. Earlier this month, Tesla reduced the price range of the base model of Model Y by $ 2,000 to $ 39,990. It also reduced the price of long-range AWD versions by $ 1,000 to $ 48,990.

In January, Tesla lowered the prices of its European model 3.. In Germany, the Model 3 became up to 4,000 euros cheaper, and in France the price dropped by as much as 6,000 euros.

He also increased his deliveries and shipped 499,550 vehicles in 2020.

Photo courtesy of Tesla.

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