Tesla cuts EV prices for the fifth time this year<p>For the fifth time in just over three months, <a data-i13n="cpos:1;pos:1" href="
https://engadget.com/tag/tesla/">Tesla[/url] has <a data-i13n="cpos:2;pos:1" href="
https://www.engadget.com/tesla-implements-huge-us-price-cuts-across-its-lineup-083211088.html">slashed the prices[/url] of its electric vehicles in the US, as <a data-i13n="cpos:3;pos:1" href="
https://www.reuters.com/business/autos-transportation/tesla-cuts-prices-us-spur-demand-2023-04-07/?taid=642fda69eea76d00014588a2&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter">
Reuters[/url] reports
. The company has cut prices by up to six percent across its lineup. The Model 3, for instance, is $1,000 less expensive than it was yesterday. It now starts at $41,990, according to Tesla's website.</p><p>There are bigger discounts on higher-end configurations. The Model Y Long Range and Performance models have dropped by another $2,000 to $52,990 and $56,990, respectively. The Model S and Model X have already <a data-i13n="cpos:4;pos:1" href="
https://www.engadget.com/tesla-slashes-model-s-and-x-us-prices-by-up-to-10000-074541439.html">seen major price cuts[/url] this year and have dipped by an extra $5,000 to starting prices of $84,990 and $94,990. As <a data-i13n="cpos:5;pos:1" href="
https://electrek.co/2023/04/07/tesla-tsla-slashes-price-across-electric-vehicles-again/">
Electrek[/url]
points out, the price of the base Model S has tumbled by $20,000 since 2022, while the Model S Plaid is over $25,000 less expensive than it was a few months ago.</p><span id="end-legacy-contents"></span><p>Tesla said this week it <a data-i13n="cpos:6;pos:1" href="
https://www.engadget.com/tesla-sets-new-company-record-after-delivering-more-than-422000-evs-in-q1-2023-171816368.html">delivered almost 423,000 EVs[/url] in the first three months of 2023 amid the initial waves of price cuts in the US, China and other countries. That figure marked a company record, as deliveries increased by four percent from the previous quarter. However, Tesla again missed analyst estimates.</p><p>The company aims to deliver 1.8 million EVs this year. It's not on track to do that yet based on the first-quarter figures. Although the multitude of price cuts could ultimately boost demand and make Tesla more competitive in an increasingly crowded sector, analysts have <a data-i13n="cpos:7;pos:1" href="
https://www.reuters.com/business/autos-transportation/tesla-shares-fall-margin-worries-overshadow-record-deliveries-2023-04-03/">noted[/url] that the discounts could eat into the company's profit margins given the relatively small increase in deliveries they've spurred to date.</p>This article originally appeared on Engadget at
https://www.engadget.com/tesla-cuts-ev-prices-for-the-fifth-time-this-year-161008384.html?src=rssSource:
Tesla cuts EV prices for the fifth time this year
