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Teslas keep getting cheaper. EV maker lowers prices on all models.

  • April 08, 2023
  • Technology

slashed prices in the U.S. again as the electric vehicle maker seeks to boost demand. 

The auto manufacturer cut prices between 2% to nearly 6%, with the largest cuts on Tesla’s more expensive Model S and Model X vehicles, according to the company’s website as of Friday.

The price cuts come after Tesla said it delivered a record 422,875 vehicles worldwide in its first quarter after previous rounds of price cuts. Tesla trimmed the prices of its Model S and Model X vehicles in early March. And in January, Tesla slashed prices by as much as 20% in the U.S., allowing some of its cars to qualify for a federal electric vehicle tax credit. 

What does a Tesla vehicle cost?

Tesla cut the prices of its slower-selling Model S and Model X vehicles by $5,000 to $84,990 and $94,990, respectively. Last month, the automaker slashed the models’ prices between 4% and 9%. 

The company also trimmed the costs of its more affordable Model 3 and Model Y vehicles by $1,000 and $2,000, respectively. 

Here are the current prices for Tesla vehicles:

  • Model S: $84,990 
  • Model S Plaid: $104,990
  • Model 3: $41,990
  • Model 3 Performance: $52,990
  • Model X: $94,990
  • Model X Plaid: $104,990
  • Model Y Long Range: $52,990 
  • Model Y Performance: $56,990

Dig deeper

  • Buying a Tesla just got cheaper. Company offers another price drop on multiple models
  • Looking to buy a Tesla? Company cuts prices as much as 20% to boost sales
  • Elon Musk’s Tesla hits record Q1 car deliveries after price cuts spur demand
  • Elon Musk shares little about new models at Tesla investor day. Here’s what we did learn.
  • Tesla says it’s focused on improving affordability. What it means for future and current owners.

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