Tesla slashes prices across lineup on demand worries

Tesla Inc. slashed prices across its four-vehicle lineup late Thursday after missing its delivery forecast for last year.

On its website, Tesla listed its top-selling Model Y Long Range with all-wheel drive — its entry version in the U.S. — at $52,990 before shipping.

That’s a reduction of $13,000, or 20 percent, over the crossover’s previous price.

The price reduction put the Model Y under the $55,000 price cap for tax incentives under a rule change that took effect Jan. 1. Previously, the crossover started at $65,990. Tesla charges $1,390 for shipping and an order fee of $250.

Shares in Tesla slipped nearly 1 percent to close at $122.40 on Friday.