- Tesla has reduced prices for its Model Y, Model X, and Model S vehicles in the US.
- The base Model Y now starts at $42,990, making it more affordable for entry-level buyers.
- This move comes amid challenges faced by Tesla, including workforce layoffs.
Tesla, the leading electric vehicle manufacturer, has made a strategic move to attract more buyers by reducing the prices of its Model Y, Model X, and Model S vehicles in the United States. This latest round of price cuts includes a $2,000 decrease in the starting prices of these popular models.
The decision to slash prices comes at a crucial time for Tesla, as the company faces various challenges. These challenges include a recent recall of Cybertrucks due to potential accelerator pedal issues, reports of layoffs affecting approximately 10 percent of its workforce, and a noticeable decline in deliveries during the first quarter.
Under the revised pricing, the base model of the Model Y is now priced at $42,990, providing a more affordable entry point for buyers interested in Tesla‘s electric SUV lineup. The Long Range variant of the Model Y now starts at $47,990, offering extended range capabilities, while the Performance model is priced at $51,490, targeting enthusiasts seeking enhanced performance attributes.
For the Model S lineup, the base model now starts at $72,990, reflecting a price reduction aimed at expanding its appeal to potential buyers. Meanwhile, the high-performance Model S Plaid variant is available for $87,990, catering to consumers seeking top-tier performance and technology features.
Similarly, the Model X, Tesla’s electric SUV offering, has seen its base model price drop to $77,990, with the Plaid version now starting at $92,990. These adjustments are designed to make Tesla‘s premium electric vehicles more accessible to a wider range of consumers while maintaining the company’s competitive edge in the market.
Also Read
Toyota Yaris 1.5 Latest Price in Pakistan & Features – April 2024
Toyota Yaris has been a popular choice in the compact sedan segment,…
In addition to the price cuts, Tesla has announced the discontinuation of its referral program benefits across all markets, effective April 30. This decision marks a shift in Tesla’s marketing strategy, as the referral program has historically incentivized existing customers to refer new buyers by offering various rewards and benefits.