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Tesla has cut the prices of its Model S sedan and Model X SUV in the U.S., according to the company\u2019s website. This is the second time this year that Tesla has slashed prices, and it might be a bid to boost sales before the end of the quarter.<\/p>\n
The Model S all-wheel drive is now available for $89,990, which is down 5.2% or about $5,000 from $94,990. The Model S Plaid is now $109,990, down 4.3% from $114,990.<\/p>\n
The Model X all-wheel drive is going for $99,990, down 9.1% or $10,000 from $109,990. The Plaid is now $109,990, down 8.3% from $119,990.<\/p>\n
The latest price cut comes after Tesla drastically slashed prices in January<\/a>, making it at least the fifth time the automaker has reduced the cost of its vehicles in the past several months. Last week at Tesla\u2019s investor day<\/a>, held at the company\u2019s Austin factory, CEO Elon Musk and other leaders discussed the importance of efficient manufacturing and cost cutting.<\/p>\n \u201cThe desire for people to own a Tesla is extremely high,\u201d said Musk. \u201cThe limiting factor is their ability to pay for a Tesla.\u201d<\/p>\n Tesla Models 3 and Y are still available for the $7,500 federal tax incentive in the U.S. for the rest of this month.<\/p>\n<\/p><\/div>\n