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Tesla reduces prices of Model Y, X and S EVs in US

Tesla has officially reduced the pricing of three of its EVs: Model Y, Model X, and Model S, in the US. Each model will now cost US$2,000 each, as per an official announcement by the EV company.

Tesla cuts US prices of Models Y, X, S by $2,000

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world's most valuable automaker missed market expectations. Elon Musk's electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website. Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Tesla Price Cut: Tesla cuts US prices of Models Y, X, S by USD 2,000, ET Auto

Tesla Price Cut: The basic version of the Model S now costs USD 72,990 and its plaid variant USD 87,990. The Model X base variant now costs USD 77,990 and its plaid variant is priced at USD 92,900.