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Tesla Cuts US Prices Of Premium Models Again: Here's How Much Model S, X Cost Now

Tesla, Inc. (NASDAQ: TSLA) has lowered the prices of its Model X and S vehicles in the U.S., following up on an earlier price cut implemented in mid-January.

What Happened: Updated price information on Tesla’s website showed price reductions in the range of 4.4%-9.1% for the Model X crossover SUV and the Model S liftback sedan.

Here are details of the price changes for these premium models of the Austin Texas-based company:

  • Model X dual motor, all-wheel drive: $99,990, down 9.1% from $109,990
  • Model X Plaid tri-motor AWD: $109,990, down 8.3% from $119,990
  • Model S dual-motor AWD: $89,990 down 5.3% from $94,990
  • Model S Plaid tri-motor AWD: $109,990 down 4.4% from $114,990

With the price adjustment, the Plaid versions of the Model X and S now cost the same.

Why It’s Important: The most recent price cuts come on the heels of a previous round of cuts announced in early January when the prices of all the models and trims were reduced. The January cuts for the Model S and Model X cars ranged from 9.09% to 15.44%.

Incidentally, after taking down prices of its Model S and Y vehicles in January, Tesla raised the prices of the rear-wheel drive variant of the Model 3 sedan and both the trims of the Model Y SUV.

A tweet shared by Troy Teslike, a Twitter user who tracks estimates for Tesla, said that the EV maker lowered prices of unsold cars in Europe by 6%. Sharing screenshots of pricing in Germany, France and the U.K., he said these vehicles were imported ones from China.