Tesla is offering steep discounts on its Model Y SUV as it tries to clear out inventory

• Tesla is offering big discounts on its Model Y SUV.
• Elon Musk's EV maker is marking down Model Y prices by $7,500 in some cases.
• In Q1, the company produced more than 46,000 more cars than it delivered.

Tesla is cutting the prices of its Model Y as it faces a broader sales problem.

Elon Musk's electric carmaker is marking down prices of the SUV by upwards of $7,500 in some cases as it tries to clear out inventory.