Image Credit: NPR
Tesla Slashes Prices for Model S and Model X in the US, Boosting Sales Before End of Quarter
Tesla has announced that it has cut the prices of its Model S sedan and Model X SUV in the United States, marking the second price reduction this year. The move could be a strategy to increase sales before the end of the quarter. The price of the Model S all-wheel drive is now $89,990, down 5.2% from $94,990, while the Model S Plaid is $109,990, down 4.3% from $114,990. The Model X all-wheel drive is now available for $99,990, down 9.1% from $109,990, while the Plaid is now $109,990, down 8.3% from $119,990.
Tesla has already reduced the cost of its vehicles several times over the past few months, with the latest price cut coming after a significant reduction in January. At Tesla's recent investor day, CEO Elon Musk and other leaders discussed the importance of efficient manufacturing and cost-cutting. Musk stated that the desire for people to own a Tesla is high, but their ability to pay for one is the limiting factor.
For the rest of this month, the federal tax incentive of $7,500 for Tesla Models 3 and Y is still available in the US. With these latest price reductions, Tesla hopes to make its electric vehicles more accessible and attract more buyers.
0 Comments