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.