Tesla has announced significant price reductions across several of its models, excluding the recently recalled Cybertruck. The price cuts, amounting to $2,000, apply to the Model Y, Model S, and Model X in the US. This decision comes amidst a series of setbacks for the company, including workforce reductions, executive departures, legal challenges concerning CEO Elon Musk’s compensation, and paused projects.
The new starting price for the Model Y RWD is now $42,990, down from $44,990. Other trims, including the Long Range and Performance models, have seen similar $2,000 reductions. The more upscale Model S and Model X also enjoy the $2,000 discount, with the Model S now starting at $72,990 and the Model X at $77,990.
These price adjustments appear to be a response to various internal and external pressures facing Tesla, aiming to boost sales and address stock issues amidst ongoing challenges. It’s worth noting that Tesla is also promoting a new lease offer for the Model 3 at a reduced rate of $299 per month, down from $329. This series of price adjustments appears to be a response to various internal and external pressures facing Tesla, aiming to boost sales and address stock issues amidst ongoing challenges.
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