Tesla
- Tesla has lowered the US base prices of its two most expensive models, the Model S sedan and Model X SUV.
- The electric carmaker's price cuts come amid a slumping stock price and questions about demand for its vehicles.
- Tesla wouldn't say if slowing sales influenced the decision, but the company did say it periodically adjusts prices and available options like other car companies.
- Visit Business Insider's homepage for more stories.
Faced with a slumping stock price and questions about demand for its vehicles, Tesla has lowered the US base prices of its two most expensive models.
The company on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV.
Tesla wouldn't say if slowing sales influenced the decision. But the company did say it periodically adjusts prices and available options like other car companies. Tesla says the decreases offset price increases from a month ago when it offered longer battery range and added a new drive system and suspension.
The Model S now starts at $71,250 while the X starts at $71,950. Both prices don't include federal and state tax credits.
- Read more:
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- Warnings about Tesla are growing louder as Morgan Stanley slashes its worst-case scenario to $10 a share
- Jaded Tesla investors are getting sick of Elon Musk's big, flashy promises. Here's what the company should do instead to turn things around.
- Tesla's plunging stock has handed Elon Musk's most loathed enemies, short sellers, $1 billion of profits in May
See Also:
- Nothing Elon Musk has done has stopped the bleeding at Tesla — and things look like they're going to get worse
- Jaded Tesla investors are getting sick of Elon Musk's big, flashy promises. Here's what the company should do instead to turn things around.
- Tesla investors are demanding the biggest return in history to hold the company's debt
SEE ALSO: The man behind Elon Musk's viral sheep meme says he's landed a job at Tesla
via https://www.aiupnow.com
, Khareem Sudlow
