The price reduction takes effect. Tesla Model Y has sold out in the United States this quarter.

CTOnews.com, February 16, according to automotive news website Electrek: although only halfway through this quarter, Tesla has sold out of Model Y in the United States this quarter, has exhausted the production capacity of Model Y this quarter, and will not produce more of the model before April.

CTOnews.com learned that Tesla's orders in the United States surged with the sharp drop in prices and the new $7500 federal tax credit for electric vehicles.

According to sources, Tesla has completely used up the production capacity of Model Y this quarter, and the Model Y is now Tesla's highest production model. However, the model still has some specific configuration inventory in some markets.

The carmaker has updated its estimated delivery schedule for Model Y to "expected delivery time: April-June 2023", and early last month Tesla reduced the price of the basic Model Y by $13000 and then increased it by $1500.

Although Tesla also slashed the price of the Model 3 in early January and continued to reduce its price, the basic model of the model can still be manufactured and delivered this month, which is expected to be "February-March 2023". This can mean that Tesla Model 3 is not very popular at the moment, probably because consumers are looking forward to the upcoming upgrade.