# Tesla cuts U.S. Model S and Model X prices between 4% and 9% Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-03-06 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Tesla Slashes Prices on Most Expensive Electric Vehicles in Meta Description: Tesla slashes prices on Model S and Model X in latest move to boost demand and sales. URL: https://financedigest.com/tesla-cuts-u-s-model-s-and-model-x-prices-between-4-and-9html ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-03-06t044018z3lynxmpej2502yrtroptp4usa-biden-ev-tesla-1736814377754-compressed.jpg) (Reuters) -Tesla Inc has cut prices on its two most expensive electric vehicles in the United States, according to the company’s website, days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand. The price cuts, Tesla’s fifth adjustment since the start of the year, ranged from 4% on the performance version of the Model S to 9% on the more expensive Model X. Musk has said repeatedly in recent months that Tesla would focus on bringing prices down to drive demand and that it had seen success in sparking orders with global discounts introduced in January. “The desire for people to own a Tesla is extremely high. The limiting factor is their ability to pay for a Tesla,” [Musk](https://www.financedigest.com/musk-says-tesla-price-cuts-triggered-demand-2023-sales-could-hit-2-million-vehicles.html "Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 million vehicles") said last week at Tesla’s investor day. Tesla did not immediately respond to a request for comment on the most recent [price cuts](https://www.financedigest.com/carrefour-unveils-30-euro-shopping-basket-in-spain-after-government-price-cut-proposal.html "Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal"). Tesla slashed [prices on its cars](https://www.financedigest.com/3-tricks-to-get-a-better-price-when-selling-your-car.html "3 Tricks To Get a Better Price When Selling Your Car") across all of its markets in January, offering discounts of up to 20% in what many analysts saw as the start of a price war by the electric vehicle market leader. It has been adjusting prices since with a pace and frequency that goes beyond what established automaker’s have attempted in an [industry where a car’s](https://www.financedigest.com/german-new-passenger-car-registrations-up-3-in-august-industry-source.html "German new passenger car registrations up 3% in August – industry source") base price is still referred to as a “sticker price” on a vehicle in inventory. The Model S and Model X, which come in base all-wheel drive (AWD) and performance “Plaid” editions, represented about 4% of [Tesla’s global deliveries](https://www.financedigest.com/tesla-posts-record-quarterly-deliveries-after-price-cuts-up-4-from-q4.html "Tesla posts record quarterly deliveries after price cuts, up 4% from Q4") in 2022. Its two cheaper models, the Model 3 sedan and Model Y crossover, made up the rest. [Tesla’s website showed it had cut prices](https://www.financedigest.com/tesla-expands-discounts-with-price-cuts-in-europe-singapore-israel.html "Tesla expands discounts with price cuts in Europe, Singapore, Israel") on both versions of its Model S by $5,000. The basic version of Model S was cut by 5% to $89,990, while the [price of the performance](https://www.financedigest.com/machine-learning-can-improve-pricing-performance.html "How machine learning can improve pricing performance"), Plaid variant was cut by 4% to $109,990. Prices of both the performance and basic variants of Model X cars were cut by $10,000, the [electric vehicle maker’s](https://www.financedigest.com/lack-of-electric-vans-opens-door-for-chinese-other-ev-makers.html "Lack of electric vans opens door for Chinese, other EV makers") website showed. The price of the basic, AWD version of the [Model X was cut by 9% to $99,990 while its performance](https://www.financedigest.com/host-analytics-releases-cloud-epm-platform-update-with-powerful-new-features-for-consolidation-and-modeling-to-help-organizations-achieve-peak-performance.html "Host Analytics Releases Cloud EPM Platform Update with Powerful New Features for Consolidation and Modeling to Help Organizations Achieve Peak Performance") Plaid version was cut by 8% to $109,990. Tesla has a new version of the Model 3 codenamed “Highland” scheduled to go into production later this year and a change to the Model Y codenamed “Juniper” for [next](https://www.financedigest.com/eu-could-face-gas-shortage-next-year-iea-warns.html "EU could face gas shortage next year, IEA warns") year, Reuters has reported. (Reporting by Mrinmay Dey and Shubham Kalia in Bengaluru; writing by Kevin Krolicki, Editing by Kim Coghill, Bradley Perrett and Sonali Paul) --- This blog is powered by Superblog. 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