Tesla slashes prices on two of its most expensive models

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Tesla has lowered prices on two of its most expensive models in the United States, the Model S and Model X, in its second round of price cuts this year as the company tries to boost demand in a competitive market.

The Model S went from $94,990 to $89,990, which is about a 5% cut, according to the company’s website.

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Additionally, the base price of its Model X was reduced from $109,990 to $99,990, a reduction of approximately 9%.

This is the second time this year that Tesla has cut prices on its most popular models. In January, the company cut the price of its entry-level Model Y by 20% and its high-performance Model 3 sedan by 14%.

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The cuts were likely made to allow some buyers to qualify for a $7,500 federal tax credit.

The company’s value has fluctuated in recent months due to investor concerns about Tesla’s ability to continue growing, as well as questions related to Chief Executive Elon Musk’s other ventures.

Source: CNN Brasil

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