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:
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.
Tesla has reduced the price of unsold cars in Europe by 6%. These are not showroom cars. These are normal imports from China that have no buyers yet. You can see it here: