BEIJING: Tesla Inc has cut prices of its electric vehicles by as much as 6per cent in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.
Automakers including General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV , are offering 0per cent financing rates and deferred payment options for new purchases. Tesla was briefly forced to stop work at its Fremont, California, factory due to stay-at-home orders. It resumed production after resolving a dispute over safety measures with local authorities.On Wednesday, Tesla website's showed the starting price for its Model S sedan is now US$74,990, down from US$79,990.
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