Tesla Owners Experience Major Buyer’s Remorse After Losing Thousands of Dollars Overnight: ‘Cheated and Robbed’

Tesla is slashing its prices hoping to pick up more customers as sales of its electric vehicles stagnate, but some customers are feeling ripped off after taking ownership of their new cars only to have prices slashed by thousands weeks later.

Early in December, Tesla began offering steep discounts on EVs to spur flagging sales. The company began offing incentives of between $3,750 and $7,500 on models for customers who took possession by Dec. 31.

The move was seen as a sign that buyers were losing enthusiasm for high-end electric vehicles.

“This is a sign of demand cracks and not a good sign for Tesla heading into the December year-end,” Wedbush analyst Dan Ives told the Associated Press. “EV competition is increasing across the board, and Tesla is seeing some demand headwinds.”

But the quick fix in December does not seem to have turned the trick for the top EV maker because this month Tesla actually slashed prices by as much as 20 percent, the Associated Press reported.

The price slashes will make both Tesla’s Model 3 as well as its Model Y eligible for new $7,500 per vehicle tax credits offered in the Inflation Reduction Act.

Tesla lowered the Model Y price to just over $56,000 from its high of $70,000, which it says still qualifies it for the tax credit. The Model 3, once priced at $47,000, is now as low as $44,000, the AP added.

The company has also slowed manufacturing. Its massive factories in Austin, Texas, and Berlin, Germany, are both operating at a fraction of its output capabilities. This is all having an effect on the car maker’s stock prices, too. According to