Tesla cuts its car prices around the world after week of turmoil for the company

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The company dropped its starting prices of its Model X, Model Y and Model S by $2,000 in the U.S.

Tesla has slashed prices for its electric vehicles in the United States, China and other countries, comparisons of its websites late Friday and over the weekend show.

In the U.S., the company reduced the starting prices of its Model X, Model Y and Model S by $2,000, which is a drop of less than 5% for the most affordable model. Prices for Model 3 and Cybertruck remained the same. In China, Tesla dropped prices for all of its models on sale there for 14,000 yuan, or just over 5% for the most affordable model. China is Tesla's largest market outside of the United States and accounts for over a fifth of its revenue, according to the company'sThe news comes as Tesla has delivered fewer cars in the last quarter than the same quarter a year before - something that has not happened in four years.

 

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