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Elon Musk’s recent decision to enact major price cuts for Tesla vehicles has reportedly angered customers who paid significantly more for the same models before the discounts took effect.
Tesla slashed prices for some of its car models by up to 20% in mid-January as it looks to stave off increased competition in the electric vehicle sector and boost sagging demand. The discounts also increased the number of buyers who are eligible for a $7,500 federal tax credit.
The sharp price cuts meant Tesla owners who bought their cars just weeks earlier likely paid thousands of dollars more than those who waited until January.
Vikas Khanna, a healthcare executive who bought a Tesla Model Y SUV in late December, told the Wall Street Journal that he missed out on about $5,000 in savings. Khanna, a longtime Tesla fan who bought two vehicles in the past, paid about $65,000 for his Model Y.
