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Tesla cuts price of Model Y Rear-Wheel Drive by $50

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The Model Y currently starts at $ 31,490 while the Model 3 costs $ 29,990 - a $ 1,500 price difference.

Tesla is also offering zero percent interest "for qualified buyers" on purchasing both vehicles.

The change in lease pricing follows a series of incentives from Tesla , with the automaker pushing its newly updated Full Self-Driving capability.