Tesla slashes prices for Model S and Model Y in the US

by Ana Lopez

Tesla has lowered the prices of its Model S sedan and Model X SUV in the US, according to the company’s website. This is Tesla’s second price cut this year, and it could be an attempt to boost sales before the end of the quarter.

The Model S all-wheel drive is available now for $89,990, which is a 5.2% decrease or about $5,000 from $94,990. The Model S Plaid is now $109,990, down 4.3% from $114,990.

The Model X all-wheel drive costs $99,990, down 9.1% or $10,000 from $109,990. The Plaid is now $109,990, down 8.3% from $119,990.

The latest price cut comes after Tesla slashed prices in January, making it at least the fifth time the automaker has slashed the cost of its vehicles in recent months. Last week at Tesla’s investor day, held at the company’s Austin plant, CEO Elon Musk and other leaders discussed the importance of efficient manufacturing and cost savings.

“People’s desire to own a Tesla is extremely high,” Musk said. “The limiting factor is their ability to pay for a Tesla.”

Tesla Models 3 and Y are still available for the $7,500 US federal tax credit for the remainder of this month.

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