Tesla cuts prices in the US again

Tesla has lowered the price of its Model S and Model X in the US. Depending on the model and variant, the EVs now cost between 5,000 and 10,000 dollars less.

The Model S, for example, now starts at $89,990, down from $94,990, while the Model S Tri-Motor Plaid now costs $109,990 (down from $114,990), which is the same price as for the Model X Tri-Motor Plaid, which previously started at $119,990. The Model X Long Range now also costs $10,000 less, starting at $99,990 (previously $109,990).

The carmaker did not announce price cuts for the European market at this time.

This is not the first time the US EV manufacturer lowered prices to deal with supply chain difficulties and inflation. And, most importantly, to boost demand. In January, Tesla first reduced prices for all versions of its Model 3 and Model X in China. A few days later, the EVs also cost less in the US and Europe.

A plan that, at least in China, apparently worked out quite well. After cutting production and extending the Lunar New Year holidays there in November and January, the carmaker had to ramp up production at its Shanghai plant just weeks later to meet demand. According to Tesla, daily sales in China were up 36 per cent in January compared to the same time last year.



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