- Tesla is offering big discounts on its Model S and Model X cars.
- It is also offering three years of free supercharging for customers who buy before June 30.
- Musk has slashed prices repeatedly this year as he looks to cement Tesla’s position in the market.
Tesla is again offering discounts on certain models as it seeks to boost sales before the end of the second quarter.
It appears that Elon Musk’s EV maker has cut $8,000 off both the Model X and Model S, as well as offering three years of free supercharging to customers who buy before June 30.
The moves mean that customers could now get a 2023 Tesla Model S from about $83,000, according to Tesla’s website, with the Model X at around $93,000.
The price cuts were first reported by EV outlet Electrek, which previously noted that Model 3 buyers were also being offered free supercharging for three years.
Musk has embarked on a series of price cuts this year, already slashing prices six times as Tesla battles big-name brands like Ford and GM.
The CEO had already dropped the price of Tesla’s two most expensive cars twice following price increases in 2022. At the end of last year, the basic version of the Model S cost $104,990, while the Plaid version would have set you back $135,990. It then cut the Model X and Model S by $10,000 and $5,000 respectively.
Musk’s moves were initially an attempt to defend Tesla’s position as the leading EV maker in the US. But its latest price changes have also made the vehicles more competitively priced compared to other manufacturers, and the price of the Tesla Model Y is now less than the price of an average car.
Electrek suggested the latest cuts came in a bid to shift more stock before the end of the quarter. Tesla previously allowed locations in North America to start selling display models and test-drive vehicles in a similar push towards the end of December last year, per Electrek.
The moves seem to have pleased investors, with Tesla’s stock more than doubling this year.
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