Tesla Motors, Inc. (NASDAQ: TSLA) – Tesla stops taking orders for basic versions of the Y model: Report

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

What happened: Electrek reported that Tesla canceled the midsize SUV in the latest in a series of confusing changes in direction on the vehicle. The company also removed the model from its online configurator, said Electrek.

Tesla did not communicate any reason behind this change.

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

In January, Tesla cut the prices of its European Model 3. In Germany, the Model 3 was up to 4,000 euros cheaper and in France the price fell by 6,000 euros.

It also increased its deliveries, shipping 499,550 vehicles in 2020.

Photo courtesy of Tesla.

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