Tesla is cutting prices once again in an attempt to boost demand for the electric automobiles. Tesla did a round of price cuts in January too, reducing prices by 20%.
Tesla has once again cut prices in an effort to boost demand for its electric vehicles, according to Bloomberg.The Model X starts at $94,990, also a $5,000 drop.Elon Musk, CEO of Tesla Motors and the Model X car.Other Teslas, such as the Model 3 sedans and Model Y sports utility vehicles saw their prices trimmed by $1,000 and $2,000, respectively, bringing those starting prices to $41,990 and $49,900, according to its website.
in the U.S. in January, reducing prices by 20% as a way to likely allow some buyers to qualify for a $7,500 U.S. government tax credit. TESLA SLASHES MODEL S AND X PRICES AGAIN BY UP TO $10,000 That reduction on the Model Y crossover brought the vehicle below a $55,000 cap, making it eligible for the tax incentive.
A 14% cut brought the price of a high-performance version of its Model 3 sedan to $53,990, also putting it under the cap.
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