Tesla cuts US prices for Model Y, Model X, and Model S by $2,000 each amid falling sales and increased competition.
Tesla has cut US prices for three of its electric vehicle models, including the Model Y, Model X, and Model S, by $2,000 each in a move that follows a challenging week for the company. The reductions have brought the starting price for a Model Y down to $42,990, while the basic version of the Model S now costs $72,990. The cuts come as Tesla's stock price has dropped around 40% this year due to falling sales and increased competition.
April 20, 2024
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