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Teslas continue to decrease in price. EV manufacturer reduces costs across all models.

In an effort to increase demand, Tesla cut prices once more in the United States.

According to the company’s website as of Friday, the automaker reduced costs by anywhere from 2% to almost 6%, with the biggest reductions occurring on Tesla’s more expensive Model S and Model X vehicles.

The price reductions follow Tesla’s announcement that it delivered a record-breaking 422,875 vehicles globally in its first quarter following earlier rounds of pricing reductions. Early in March, Tesla reduced the costs of its Model S and Model X sedans. And in January, Tesla reduced costs in the United States by as much as 20%, enabling some of its vehicles to be eligible for a federal tax credit for electric vehicles.

How much does a Tesla car cost?

Tesla reduced the cost of its Model S and Model X vehicles, which are selling at a slower rate, by $5,000 to $84,990 and $94,990, respectively. The car manufacturer reduced the pricing of the vehicles by 4% to 9% last month.

The business also reduced the price of the Model 3 and Model Y, which are more inexpensive, by $1,000 and $2,000, respectively.

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