Many long-range and performance Model Ys are now selling for $5,000 less than their original price, while rear-wheel drive versions are seeing even bigger cuts of more than $7,000.
The company has built more cars than it shipped in seven of the last eight quarters, likely adding more than 40,000 EVs to its inventory glut.
Tesla CEO Elon Musk also started mandating demos of the company's advanced driver assistance system to all potential buyers. That software package costs $12,000 and can be a huge boost to the profit Tesla makes on a vehicle.
Musk has more or less admitted that Tesla has had to work harder to drum up demand for its vehicles lately. He has largely blamed the struggle on high interest rates.
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