This is the fourth time this year and now it's for the entire lineup.
Tesla has managed to cut prices on its electric vehicles yet again, leading to discounts as high as $5,000 on some models. This comes on the heels of major price cuts earlier this year that saw cars like the Model S drop just below $90,000 in the US, a massive drop from the car's $104,000 price just five months ago.
Across the board, many models have seen price drops of between $1,000 and $2,000, making the Model 3 and Model Y starting to look like extremely good deals, especially when you factor in the $7,500 EV tax credit that many of the trims enjoy. Someone may need to check in on other EV automakers because, with the way Tesla is cutting prices right now, everyone must be banging their heads against the wall.
Starting with the Model 3, the vehicle now sees its base price drop from $42,990 to $41,990. The Model 3 Performance also sees a drop in price from $53,990 to $52,990. Due to the base Model 3 using lithium-iron-phosphate batteries partially sourced from China, it does not wholly qualify for the EV tax credit with owners only able to claim a $3,750 deduction. Still, this means you can get into one for $38,240 before destination fees.
The Model Y then sees even greater price drops and the introduction of the standard range Model Y on the configurator brings the base price of the car to just $49,990. The long-range model then sees a decrease of $2,000 to $52,990 and the Performance also drops $2,000 to $56,990. All Model Y trims qualify for the $7,500 EV tax credit, meaning a starting price of just $42,490 before destination fees.
The Model S again joins the price drop party with one of the largest price drops of the batch; the Model S now starts at $84,990 with a drop of $5,000. The Model S Plaid now costs what the regular Model S cost last year, starting at $104,990. Last year the model started at $129,990.
Finally, the Model X also enjoys a $5,000 price drop to $94,990. The Model X Plaid also receives the same drop, now starting at $104,990 just like the Model S Plaid. The Plaid has enjoyed a massive price drop since the year started, with the car costing $138,990 last year.
Just insane price drops and exciting news for anyone contemplating getting into a Tesla. Unfortunately, this isn't welcome news for anyone that purchased one of these cars last year, with every new price drop making it sting even worse. We know that Tesla doesn't have an obligation to warn customers or even always know when price drops are going to happen in the future, but it definitely doesn't make the situation any easier to swallow.
On top of this, all these price cuts have really done their jobs, because the company is seeing a massive influx of orders that put it on track to produce 1.8 million vehicles this year. That's a massive increase over the 1.31 million produced last year, and a pretty good problem to have if you ask us.
Keyword: Tesla Announces New Price Cuts To All Its Models