Tesla: we are making Model Y, Model 3 more accessible to customers

Tesla hands over first cars produced at new plant in Gruenheide
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS

BERLIN, Jan 13 (Reuters) - Tesla (TSLA.O) said on Friday that the electric vehicle maker, which cut prices of its Model Y and Model 3 vehicles in the U.S. and Europe overnight, was able to provide its cars at a more accessible price because cost inflation was normalising.

"At the end of a turbulent year with interruptions to the supply chain, we have achieved a partial normalisation of cost inflation, which gives us the confidence to pass this relief onto our customers," a spokesperson for Tesla Germany said in a statement.

Reporting by Victoria Waldersee, editing by Rachel More

Our Standards: The Thomson Reuters Trust Principles.