Tesla again cuts EV prices in US
Published On 07 Mar 2023 11:22 AMElon Musk-owned Tesla has slashed the prices of its lineup in the US for the second time, which might be in an effort to boost sales before the end of the quarter.
According to TechCrunch, the company has lowered the prices of its Model S sedan and Model X SUV.
The Model S all-wheel drive is now available for $89,990, which is down 5.2 percent or about $5,000 from $94,990, while the Model S Plaid is now at $1,09,990, down 4.3 percent from $1,14,990.
In addition, the Model X all-wheel drive is now available for $99,990, down 9.1 percent or $10,000 from $109,990, while the Plaid is now priced at $1,09,990, down 8.3 percent from $1,19,990, the report said.
In January, Tesla drastically lowered the prices of EVs across its lineup in the US and Europe, in an effort to boost sales as its stock plummeted more than 60 percent.
The least expensive EV the Model 3 RWD, has dropped from $46,990 to $43,990,
Price reductions were made to other models too, including the performance versions of the Model 3 and Model Y, and the plaid versions of the Model S and Model X.