Tesla Continues Price Cuts Ahead of Earnings Report.

Tesla has cut the prices of its Model 3 and Model Y electric cars for the sixth time this year, with the Model 3 Rear-Wheel Drive now costing $39,990, a reduction of $2,000. The Model Y Long Range now costs $49,990 before federal or state incentives are counted, and the Model Y Performance rings the bell at $53,990 before breaks. The price cuts could be a play to gain volume and retain its large market share, but some current Tesla owners have complained that their resale values would sink.