Tesla cuts Models S and X prices for the second time in eight weeks

Tesla Model S

Tesla

Tesla is cutting prices for the second time in less than eight weeks. Reuters has noticed that the automaker has again cut prices for its more expensive and aging Model S sedan and Model X SUV.

These cars were innovative when they launched in 2012 and 2015, but now face stiff competition from newer vehicles from Rivian, Lucid, Mercedes, Porsche and BMW. As a result, combined Model S and Model X sales accounted for only 5% of Tesla’s global sales in 2022.

In 2022, the dual-motor all-wheel-drive Tesla Model S is $104,990. In January, Tesla slashed the price by about 10% to $94,990. Today, it’s $5,000 cheaper, at $89,990.

For those who want to go TRUE The Model S Plaid, which uses three motors to go from 0 to 60 mph in less than 2 seconds and has a top speed of 200 mph, is now $109,990, $5,000 less than last week and $26,000 less than what you paid in 2022. increase. .

The Model X SUV sees even more significant discounts. After a big price cut in January, Tesla cut another $10,000 off the Model X price. That means an all-wheel-drive, dual-motor version starting at $99,990, and his triple-motor Plaid Model X starting at $109,990.

No one knows how long these prices will last. Less than a month after he implemented the January price cut, Tesla had already raised the price of its Model Y crossover yet again.

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