9th March 2023

North America

Tesla slashes prices in the US

Tesla Inc has lowered the prices on its two most expensive electric vehicles in the US.

The price cuts are Tesla's fifth adjustment since the start of the year, ranged from 4% on the performance version of the Model S to 9% on Model X.

The cuts come after Tesla’s CEO, Elon Musk said that demand had increased after prices were slashed in a global move to bring in discounts and increase demand.

At Tesla’s recent investor day, Musk said that although consumers wanted to own Tesla vehicles, the price was a determining factor.