Tesla Offers Steep Discounts on SUVs Piling Up in Inventory (1)

Tesla Inc. is slashing prices of its best-selling vehicle in a bid to clear its biggest-ever stockpile.

The company is marking down Model Y sport utility vehicles it has in inventory, with the rear-wheel drive version going for $4,600 less than the cost to custom order the sport utility vehicle. Long-range and performance Model Ys are discounted by at least $5,000.

Tesla is offering the deals after producing 46,561 more vehicles than it delivered in the first quarter, adding more cars to inventory than ever before. While the company blamed its global sales decline in part on changing over its ...