Tesla Cuts U.S. Prices Of Models Y, X, S By $2,000

Tesla has cut the US prices of its Model Y, Model X, and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world's most valuable automaker missed market expectations, as reported by Nilutpal Timsina for Reuters.

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. I Photo: Tesla Asia X

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.

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.

Tesla North America also said in a post on X said, opens new tab it would end its referral program benefits in all markets after April 30. The referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.