Tesla has cut prices of its Model S and Model X vehicles in the United States, its website showed, days after chief executive Elon Musk said recent price cuts of other models had stoked demand $TSLA
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. 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.
Prices of both the performance and basic variants of Model X cars were cut by $10,000, the electric vehicle maker's website showed. The price of the basic, AWD version of the Model X was cut by 9% to $99,990 while its performance Plaid version was cut by 8% to $109,990.
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