Tesla Cut-off EV Prices for the fifth time Since January

You can’t believe it’s the fifth time that Tesla has dropped out its electric cars price in a row within three months in the US.

During this cut-off, prices have been reduced by up to 6% across the board by the company. For instance, the Model 3 is now $1,000 less expensive than yesterday. The current starting price is $41,990 on Tesla’s website.

Even there are bigger and better discounts on more expensive configurations.

The Model Y Long Range and Performance variants also dropped by $2,000 from their previous price of $56,990 to their current price of $52,990. The Model S and Model X have faced major price drops this year and got another cut-off and are now $84,990 and $94,990, respectively.

According to an American news Electrek statement, The Tesla Model S now costs $20,000 less than it did in 2022. at the same time, the Model S Plaid is now nearly $25,000 less expensive than a few months ago.

This week, Tesla reported that during initial waves of price reduction in the US, China, and other nations, it delivered about 423,000 EVs in the first three months of 2023. Resulting in a rise in deliveries by 4% from the prior quarter. This year, the business plans to deliver 1.8 million EVs.

Analysts noted that multiple price reductions have boosted the company’s Electric vehicle demand making it more competitive in an increasingly crowded field.