Tesla (TSLA) is ushering in a new era of money-saving with drastic price cuts across its entire lineup electric vehicles . Prices for some models have been slashed by as much as $5,000.
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After two years of continuous price increases for electric vehicles, Tesla has decided to reduce costs in 2023 in order to maintain the level of demand from its customers.
It all started in early January with a big price cut, then smaller adjustments for the Model 3 and Model Y throughout February, followed by similar reductions for the Model S and X the following month.
Tesla just announced a series of price cuts across all of its vehicles, making them more affordable than ever.
The Model 3 is seeing its base price drop from $42,990 to $41,990 . The base Model 3 is expected to use part of the $7,500 federal tax credit this month because it uses LFP battery cells from China.
The Model 3 Performance also sees its price drop by $1,000 to $52,990.
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The biggest difference in Model Y pricing is the inclusion of Model Y AWD in the configuration. The vehicle now starts at $49,990 in the online design studio. As for the Model Y Long Range, it saw its price drop from $54,990 to $ 52,990 — making it one of the best deals ever. The Model Y Performance also received a $2,000 at $56,990 .
The Model S and Model X have received their biggest overall price cuts since the beginning of the year, and those price cuts continue.
Tesla has updated the Model S to now start at just $84,990. That's a $5,000 from $89,990 yesterday and a $20,000 reduction from $105,000last year. Even the Model S Plaidis now dropping to just $104,990, down from over $130,000 last year.
Like the Model S, the Model X has seen its price drop drastically in recent months. The electric SUV now starts at $94,990 – a $5,000 reduction . The same goes for the Model X Plaid, which still sells for the same price as the Model S Plaid, but also sees a $5,000 drop to $104,990 .
See also: Tesla: Expands virtual sales with remote test drives
Electric vehicles are a good solution for those who wish to choose a more sustainable and environmentally friendly form of transportation. Over time, they are expected to become even more efficient and accessible to everyone.
