Revving Up Savings: Tesla Slashes Prices on Model S and Model X Cars in the US!
Tesla has recently reduced the prices of its Model S and Model X cars by $5,000 in the US. This means that the Dual Motor All-Wheel Drive Model S now costs $89,990, while the Tri Motor, Plaid variant of the Model S will cost you $109,990.
The Dual Motor All-Wheel Drive Model X now costs $99,990, and the Plaid version costs $109,990. While the $5,000 price cut may not seem like a lot given the total price of these luxury cars, it’s worth noting that all Tesla models got cheaper in January.
In fact, the AWD Model S now costs $15,000 less than it did just two months ago, while the AWD Model X is now $21,000 less. Although the prices of Tesla’s entry-level cars, the Tesla Model 3 and Model Y, haven’t changed in March, Tesla’s China chief Tom Zhu stated during the company’s Investor Day on March 1 that the company is committed to cutting costs and passing down that value to customers.
Furthermore, Elon Musk, Tesla’s CEO, emphasized that “even small changes in the price have a big effect on demand” and that Tesla plans to produce 20 million vehicles annually by 2030.