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Tesla slashes Model Y inventory prices by as much as $7,000

The cuts come as Tesla has accumulated a large backlog, at a time when EV sales growth has cooled from record highs.

In January, Tesla warned sales growth could be “notably lower” in 2024 compared to previous years — a trend that has bothered every player in the market from big automakers like Ford to struggling upstarts like Lucid. Tesla went through a typical end-of-quarter push to deliver as many cars as it could over the last few weeks, with lead designer Franz von Holzhausen once again pitching in to get them out the door in the final days. Tesla CEO Elon Musk also started mandating demos of the company’s advanced driver assistance system to all potential buyers.

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