Tesla announces significant price cuts on Model S and Model X

On the last day, Tesla reduced the price by 4% for the Model S performance version to 9% for the pricier Model X.

Tesla announces significant price cuts on Model S and Model X electric vehicles in the US.
Exciting news for anyone looking to hop on the electric vehicle bandwagon! Tesla Inc (TSLA.O) has just announced that it has lowered the prices of its two most expensive electric vehicles in the United States. If you’ve been eyeing the Model S or the Model X but were hesitant to make the investment, now might be the perfect time to take the leap.

This is the fifth price adjustment made by Tesla since the beginning of this year, and the reductions range from 4% for the Model S performance version to 9% for the pricier Model X.

This is the fifth price adjustment since the start of the year, and it’s clear that the company is dedicated to making its cars more affordable and accessible to consumers. Plus, with Elon Musk’s recent comments about demand being on the rise, there’s never been a better time to join the Tesla family.

Musk said during Tesla’s investor day just last week.

“The desire for people to own a Tesla is extremely high. The limiting factor is their ability to pay for a Tesla,”

Elon Musk has been vocal about the company’s focus on making their electric vehicles more affordable to increase demand. Musk has repeatedly stated that Tesla is determined to lower prices and has seen positive results from offering global discounts in January, which have encouraged more customers to place orders.

In January, Tesla shook up the electric vehicle market by slashing prices on its cars worldwide, providing discounts of up to 20%. Many analysts believed this was the start of a price war the electric vehicle market leader led. Since then, Tesla has continued to adjust prices at a remarkable pace and frequency, going beyond what established automakers have ever attempted. In the automotive industry, a car’s base price is typically referred to as a “sticker price” on a vehicle in inventory, but Tesla has changed the game with its innovative pricing strategy.

The official website is not responding to Musk’s recent statement. The current price that Tesla’s site is showing is as follows.

The basic version of Model S saw a 5% reduction, now priced at $89,990, while the performance Plaid variant received a 4% cut, now priced at $109,990.

Similarly, Model X cars’ performance and basic variants witnessed a $10,000 cut.

The basic AWD version of Model X received a 9% reduction, now priced at $99,990, and the performance Plaid version received an 8% reduction, now priced at $109,990.

Written by Muhammad Tanveer