People who own the Tesla Model S sedan and Model X SUV may be happy to hear that the prices of both cars have been cut by $5,000. Tesla has done this in order to stimulate buying activity before the end of the quarter.
The Tesla Model S all-wheel drive is one of the most technologically advanced vehicles on the market. It is well worth the extra money to purchase one, as it offers increased safety and performance. The Tesla Model S Plaid is a beautiful addition to any vehicle collection and it’s now available at a reduced price.
The all-wheel drive Model X is down 9.1% or $10,000 from its original price of $109,990. The Plaid rental car is now available for $109,990, down 8.3% from its original price of $119,990. Both vehicles are still within their advertised price points and offer an economical way to travel around town or explore the surrounding areas.
Shares of Tesla Inc. TSLA, +0.68% rallied to an all-time high Wednesday after the electric car maker said it would slash prices by as much as $2,000 for its Model 3 sedan – the biggest discount yet and a direct challenge to global automakers that have been pouring money into new engine technology. The move has helped Tesla undercut General Motors Co GM, -0.62% Ford Motor Co F, -1.13% Fiat Chrysler Automobiles NV FCAU, -2.14% and other players in the market for premium electric cars…Tesla’s price cuts are key to widening its market share and become a de facto standard in the segment – even as rivals invest billions of dollars in new powertrain technologies engineered to lock them out of future sales growth opportunities…The moves come less than a month after CEO Elon Musk announced he was cutting employee pay by 20%.
Some people are willing to pay a high price for a Tesla, as the car is seen as luxurious and environmentally friendly. However, there is still a limit to how much some people are able to pay for one of these vehicles. The high demand for Teslas means that there is always going to be a shortage on the market, so those who are interested in owning one should act fast.
Tesla is offering their Models 3 and Y for the $7,500 tax incentive in the U.S. through the end of this month. The company has been receiving positive reviews for their performance, as well as their stylish designs. Many people are looking to purchase one of these cars before they expire and lose their incentive.