Tesla is Cutting Prices…By A Lot.
Published in
Sep 1, 2023
- Tesla significantly reduced the starting price of the Model X by $41,000 this year to $79,990. Tesla also lowered the starting price of the Model S to $74,990, making these changes after refreshing the Model 3 with improvements.
- This price cut qualifies the Model X for federal tax credits, despite Elon Musk’s previous opposition to such incentives.
- Musk had called for the removal of subsidies in December 2021, citing concerns about government spending and the deficit.
- The Inflation Reduction Act, part of President Biden’s climate bill, eliminated caps on vehicle sales for tax credits and set price limits for electric vehicles.
