Tesla's offer of a $7,500 credit for Model 3 and Model Y buyers is an about-face for the company, which instituted a series of price hikes on its vehicles over the past few years.

David Zalubowski/AP

Tesla buyers can get $7,500 off on a Model 3 and Model Y through the end of the year. Discounts on Teslas this month come after years of price hikes. Tesla is facing a series of setbacks as it offers hefty discounts on its most popular cars.

Tesla is offering a hefty $7,500 discount on its popular...

Continue Reading Tesla just doubled a rare discount to $7,500 on some of its most popular cars