(Reuters) – Tesla (NASDAQ:) Inc has slashed prices of its electric vehicles in the United States, its website showed on Thursday, doubling down on a discount drive against the backdrop of a weakening economy.
The cuts ranged from 1.9% on the performance version of the Model 3 to 5.6% on the basic version of the Model S. Tesla did not immediately respond to a request for comment on the reductions.
The move follows repeated comments in recent months by Chief Executive Elon Musk that Tesla would focus on lowering prices to spur demand and had seen success in sparking orders with global discounts introduced in January.
Tesla has cut prices on both versions of its Model S. The price of the basic version was cut by 5.6% to $84,990, while the price of the performance, Plaid variant was cut by 4.5% to $104,990.
Prices of both the performance and basic variants of Model 3 cars were cut by $1,000, the website showed. The price of the basic version of the Model 3 was cut by 2.3% to $41,990 while its performance version was cut by 1.9% to $52,990.
(This story has been refiled to correct spelling of ‘Elon’ in paragraph 3)
On the sidelines of Aero India 2025, Defence Minister Rajnath Singh held bilateral talks with…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
E-commerce marketplace Meesho does not see any impact of the burgeoning quick-commerce space on its…
BEML a public sector manufacturing heavyweight is actively working to increase its export contribution beyond…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Buoyed by expected growth in gas consumption from households and gas-fired automobiles, the International Energy…