Tesla Cuts Base Prices For Model S, X

Photo courtesy of Tesla

Tesla Motors, Inc. (TSLA)'s 2-3 percent cut to the base prices of the Model X and S has been confirmed by the company, according to Electrek

Tesla shares were down 0.29 percent at $204.77 at the time of publication Tuesday. 

Tesla significantly reduced the base price of the upgraded Model S and X vehicles that launched at the end of April.

The Model S, which offers a range of 285 miles on a single charge, had started at $78,000. Its starting price has been cut by $3,000, Electrek said.

The Model X crossover, which has a range of 250 miles, had started at $83,000. Its base price is being lowered by $2,000, the publication said. 

It's the third time Tesla has lowered the vehicles' prices in about three months, Electrek said. 

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.