According to the company’s website, Tesla Inc has reduced prices on its two most costly electric vehicles in the United States, only days after Chief Executive Elon Musk said previous price cuts on other models have spurred demand.
Tesla’s fifth price decrease since the beginning of the year ranged from 4% on the performance version of the Model S to 9% on the more expensive Model X.
Elon Musk has stated frequently in recent months that Tesla will focus on lowering prices to increase demand, and that the global discounts offered in January were successful in generating orders.
Tesla sells its vehicles directly to customers and frequently modifies its prices. Even though Tesla significantly reduced pricing in January in an effort to increase sales, the most recent actions have been made.
Tesla did not reply immediately to a request for comment on the new price decreases.
In January, Tesla lowered prices on all of its vehicles in all of its markets, offering discounts of up to 20% in what many analysts considered as the start of the electric vehicle market leader’s price war.
Since then, it has been modifying pricing at a rate and frequency that exceeds what established automakers have attempted in an industry where a car’s base price is still referred to as a “sticker price” on an inventory vehicle.
The Model S and Model X, which are available in all-wheel drive (AWD) and performance “Plaid” models, will account for around 4% of Tesla’s global deliveries in 2022. The rest was made up of its two less expensive vehicles, the Model 3 sedan and Model Y crossover.
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