It was in the early 80s. It got to the point where Commodore offered $100 trade-in value towards the C64 for a competitor's machine, and near the end the TI 99/4a was deeply discounted to $49.99. So people would literally go buy a new 99/4a, then trade it in to Commodore to get $100 off. Tramiel likely felt it was worth that loss of revenue to get competitors' machines out of the market and replace them with Commodore's.
Really? Selling what? The TI99 was never a serious competitor for anything.