Tesla has reduced the price of the Model S and Model X across the United States, with some prices falling as much as 9%.
The new price cuts are on Tesla’s most expensive electric vehicles and come just days after CEO Elon Musk had confirmed that reducing other prices had seen demand increase.
Now, it seems that Tesla has sought to try and do the same trick with the company’s most costly offerings.
“The desire for people to own a Tesla is extremely high. The limiting factor is their ability to pay for a Tesla,” Reuters reports that Musk said last week at Tesla’s investor day. Musk’s breakthrough understanding that Tesla’s cars are expensive and that people can’t afford them now appears to have had the effect that they’ve gotten cheaper. At least for now.
Tesla has been changing pricing on its cars for a year or so, usually increasing prices as parts get more costly and harder to get hold of. But now it’s very much going in the opposite direction.
BREAKING: @Tesla has reduced the starting prices of the Model S & Model X in the US.
• Model S AWD: $89,990 (from $94,990)
• Model S Plaid: $109,990 (from $114,990)
• Model X AWD: $99,990 (from $109,990)
• Model X Plaid: $109,990 (from $119,990)
Model S/X Plaid are now the… https://t.co/VnACjToNMG pic.twitter.com/YACFu3BCS2
— Sawyer Merritt (@SawyerMerritt) March 6, 2023
Tesla’s website showed it had cut prices on both versions of its Model S by $5,000. The basic version of Model S was cut by 5% to $89,990, while the price of the performance, Plaid variant was cut by 4% to $109,990.
The Model X has seen $10,000 slashed from both the base model and the performance one. The Plaid saw an 8% reduction in price, whereas the base model now costs a little under $100,000 thanks to a 8% cut.
You may also like to check out:
- Download: iOS 16.3.1 Final OTA File, IPSW Links Out Now
- How To Fix Bad iOS 16 Battery Life Drain [Guide]
- Jailbreak iOS 16.3.1 On iPhone And iPad Latest Status Update
- iOS 16 Compatible And Supported iPhone, iPad, iPod touch Devices
- iOS 16 Hidden Features: 100+ Changes Apple Didn’t Tell Us About
- Download: iPadOS 16.3 Final OTA File, IPSW Links Released
- Install macOS Ventura On Unsupported Macs Using OpenCore, Here’s How
You can follow us on Twitter, or Instagram, and even like our Facebook page to keep yourself updated on all the latest from Microsoft, Google, Apple, and the Web.