Tesla offers discount in Singapore on EVs in inventory

TESLA has begun offering discounts to electric vehicle (EV) buyers in Singapore who agree to purchase existing inventory of the Model 3 or Model Y, a company sales representative said on Monday (Jan 9).

Tesla is offering a discount of US$5,000 for electric vehicle purchasers who trade in an existing internal combustion vehicle and another US$5,000 credit against the cost of the certificate to operate a car in Singapore.

In addition, for qualified buyers who have a place for home installation, Tesla will provide the wall connector for charging, although the consumer has to pay for the cost of installation.

The limited-term discounts in Singapore come just days after Tesla cut prices in China, South Korea, Japan and Australia. REUTERS