Tesla cuts U.S. prices of Models Y, X, S by $2,000

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Tesla cuts U.S. prices of Models Y, X, S by $2,000

Tesla vehicles sit on the lot at a Tesla dealership on April 15, 2024 in Austin, Texas. 

Brandon Bell | Getty Images

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also in a post on X 

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 it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has 

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 a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South ****** market, Reuters reported on Saturday.

On Monday, Reuters reported, citing an internal memo, that the EV maker was 

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 more than 10% of its global workforce.

Earlier this month Reuters 

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 the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its 

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 in the first quarter fell for the first time in nearly four years, as price cuts ******* to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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Business,Alternative and sustainable energy,Energy,******* States,Tesla Inc,business news
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