Tesla cuts Model 3 price for second time this year

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#TIA – Tesla, billed as the car of the future, is trying hard to get its price down for today. 

Tesla Inc said on Wednesday it was lowering the price of its Model 3 sedan for the second time this year, moves that come in the wake of Tesla losing a tax credit that made its cars more affordable for U.S. buyers.

The company is ramping up production of the Model 3 and trying to make it more accessible for mainstream car buyers. Tesla has also been cutting costs as it looks to turn in profits this year.

Read more at Reuters