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

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Tesla is scheduled to report first-quarter earnings on Tuesday.

Tesla vehicles sit on the lot at a Tesla dealership on April 15, 2024 in Austin, Texas.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 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. The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.more than 10% of its global workforce.

 

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