Tesla cuts prices in U.S., Europe by up to 20
Move follows cuts across Asia last week
Some models now qualify for U.S. tax credits
Model 3 price in Germany in line with Volkswagen39;s ID.3

Jan 13 Reuters Tesla has slashed prices on its electric vehicles in the United States and Europe, the automaker39;s website shows, extending a new strategy of aggressive discounting after missing Wall Street estimates for deliveries.

The U.S. price cuts, announced late Thursday in U.S. time on the Model 3 sedan and Model Y crossover SUV, ranged between 6 and 20 compared with prices before the discount, according to Reuters calculations.

That is before accounting for an up to 7,500 federal tax credit that took effect for many electric vehicle models at the start of January.

Tesla also cut prices for its Model X luxury crossover SUV and Model S sedan in the United States.

In Germany, it cut prices on the Model 3 and the Model Y its global topsellers by between about 1 and almost 17 depending on the configuration. It also cut prices in Austria, Switzerland and France.

For a U.S. buyer of the longrange Model Y, the new Tesla price combined with the U.S. subsidy that took effect this month amounts to a discount of 31. In addition, the Tesla move broadened the vehicles in its lineup eligible for the Biden administration tax credit.

Before the price cut, the fiveseat version of the Model Y had been ineligible for that credit, a designation that Tesla Chief Executive Elon Musk had…