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Tesla slashes Model S and X prices in addition to Model 3

Tesla slashes Model S and X prices in addition to Model 3 Tesla slashes Model S and X prices in addition to Model 3 - Z - Tesla slashes Model S and X prices in addition to Model 3



Tesla slashes Model S and X prices in addition to Model 3 - Tesla slashes Model S and X prices in addition to - Tesla slashes Model S and X prices in addition to Model 3

All of Tesla’s three models got a price cut on Thursday.

The announcement of new discounts came amid the guidance that Tesla may not be profitable in the first quarter, as well as shifting to online-only sales and closing most of its 378 retail stores.

“Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected,” the company said in a blog post.

Read more:Tesla is finally releasing the long-awaited $35,000 Model 3

Shares fell about 4% overnigh t into Friday morning as Wall Street investors digested the new outlook for Tesla’s finances.

Here are the details of the price cuts:

Model S:

  • Standard Range: Unchanged at $79,000 before incentives like state-specific tax rebates and gas savings
  • Long range: now $83,000 before incentives. (Previously $96,000)
  • Performance: now $99,000 before incentives (previously $112,000)
  • Ludicrous Mode: now $$114,000 before incentives (previously $132,000)

Model X:

  • Long Range: now $88,000 before incentives (previously $96,000)
  • Performance: now $104,000 before incentives (previously $117,000)
  • Ludicrous Mode: now $119,000 before incentives (previously $137,000)

More from Tesla’s big announcement:



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