Tesla has cut prices on its two most expensive electric vehicles in the United States -- days after CEO Elon Musk said recent price cuts on other models had stoked demand.
Tesla has cut prices on its two most expensive electric vehicles in the United States, according to the company’s website, days after CEO Elon Musk said recent price cuts on other models had stoked demand. The price cuts, Tesla’s fifth adjustment since the start of the year, ranged from 4% on the performance version of the Model S to 9% on the more expensive Model X.
It has been adjusting prices since with a pace and frequency that goes beyond what established automaker’s have attempted in an industry where a car’s base price is still referred to as a “sticker price” on a vehicle in inventory. The Model S and Model X, which come in base all-wheel drive and performance “Plaid” editions, represented about 4% of Tesla’s global deliveries in 2022. Its two cheaper models, the Model 3 sedan and Model Y crossover, made up the rest.
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