Home News Tesla Chops Model S and X Prices Again, This Time by Up to 19%

Tesla Chops Model S and X Prices Again, This Time by Up to 19%

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Tesla price cut

Tesla’s Model S and Model X electric rides have already seen their stickers shrink twice this year. But hold onto your hats, folks—there’s another round of discounts, and it’s not just for the U.S. Tesla is slashing prices by anywhere from 15 to 19 percent, effective immediately, varying based on the specific model and trim you’re eyeing. This global bonanza of markdowns comes courtesy of intel from the EV mavens over at Electrek.

Starting today, you can snag a Tesla Model S for a starting price of $74,990, shaving off $3,500 from its previous entry-level price tag. Meanwhile, the Model X now kicks off at $79,990, which is a not-so-insignificant decrease of $8,500. Bonus: You now get to pick from an array of colors like white, black, gray, blue, or red without coughing up extra dough for your favorite hue.

But hold on, it’s not all rainbows and butterflies. Tesla has unceremoniously axed the Standard Range versions of both these vehicular marvels, which came with less impressive battery packs. The silver lining? The freshly discounted Model S and Model X are actually now more affordable than their Standard Range siblings were.

Now, let’s talk about another way to keep your wallet fat. The Tesla Model X has now been given a VIP pass to qualify for a tax credit under the Inflation Reduction Act. The qualification criteria are set at $55,000 for cars and $80,000 for trucks and SUVs. So while the Model S doesn’t make the cut, the Model X waltzes right in, sneaking below the SUV and truck cost ceiling. So if your annual income floats between $150,000 to $300,000, depending on your marital status, you can end up grabbing a Model X for less moolah than a Model S.

It’s worth noting that this price-slashing fiesta isn’t limited to the U.S of A; it’s a worldwide party. Price cuts have also rolled out across Europe and China, with comparable reductions adapted for local currencies. While this is a windfall for anyone eyeballing a new Tesla, some current owners are less than thrilled. Their concern? The potential hit to resale values. Earlier this year, a chorus of disgruntled Tesla owners in China even took to the streets demanding compensation for previous price cuts, but Tesla’s response was a resounding “Nuh-uh.”

So there you have it—a mixed bag of good and not-so-good news in the Tesla-verse. Whether you’re cheering or jeering, one thing’s for sure: Tesla is not afraid to shake things up.

Frequently Asked Questions (FAQs) about Tesla price cut

What models of Tesla cars have received a price cut?

Tesla has reduced the prices of its Model S and Model X electric vehicles. The price cuts range from 15 to 19 percent, depending on the model and trim.

How much do the Tesla Model S and Model X cost now?

The Tesla Model S now starts at a base price of $74,990, which is $3,500 less than its previous base price. The Model X is now available starting at $79,990, marking a reduction of $8,500.

Are these price cuts available internationally?

Yes, these price reductions are not limited to American consumers. Similar discounts have appeared globally, including in Europe and China, adjusted for local currencies.

Can I choose different colors without additional costs?

Absolutely, all available colors—white, black, gray, blue, or red—are now included in the base price. You don’t have to pay extra for your preferred color anymore.

What happened to the Standard Range versions of the Model S and Model X?

Tesla has discontinued the Standard Range versions of both the Model S and Model X, which featured smaller battery packs. However, the new discounted prices make the available models cheaper than the now-discontinued Standard Range versions.

Are there any tax credits available for these Tesla models?

Yes, the Tesla Model X now qualifies for a tax credit under the Inflation Reduction Act. However, the Model S does not meet the price criteria to qualify for the tax credit. The income threshold for the credit ranges from $150,000 to $300,000, depending on whether you are single or married.

Are current Tesla owners happy about these price cuts?

The response is mixed. Some current Tesla owners have expressed concerns about a potential drop in the resale value of their vehicles, especially after earlier protests in China demanding compensation for previous price cuts were rebuffed by Tesla.

Are the new prices better than the older Standard Range versions?

Yes, the newly reduced prices for the Tesla Model S and Model X actually make them more affordable than the now-discontinued Standard Range versions.

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ValueVictor September 1, 2023 - 6:44 pm

Tesla sayin nope to Chinese protestors is pretty bold. wonder how that’s gonna play out in the long run.

GeekGuru September 1, 2023 - 7:52 pm

International price cuts are a big move. Tesla’s clearly looking to dominate the globe, not just the U.S.

RoadsterRita September 2, 2023 - 12:24 am

Hold on a sec, they discontinued the Standard Range? Guess Elon’s goin all out or go home. Big battery packs for everyone!

SUVSteve September 2, 2023 - 1:56 am

The Model X gets a tax credit now? thats huge! Definitely leaning towards it over the Model S.

SkepticalSam September 2, 2023 - 3:17 am

um, anyone else worried about what this does to resale value? like, should i be worried if i already own a Tesla?

BudgetBenny September 2, 2023 - 8:04 am

lol so basically you can now get a better Tesla for cheaper than the old Standard Range? thats what i call an upgrade.

ElectricEddie September 2, 2023 - 8:28 am

Wow Tesla’s really goin for it, huh? A third price cut? thats awesome but kinda sucks for those who bought it earlier this year, lol.

EcoElla September 2, 2023 - 8:40 am

tax credit for Model X but not Model S? Guess Tesla’s tryin to push the SUV market, especially with the gas crisis and all.

ColorMeHappy September 2, 2023 - 12:37 pm

Finally, colors at no extra charge! Tesla gets it, we wanna ride in style without emptying our pockets.

GreenMaven September 2, 2023 - 1:49 pm

oh man, so happy about the global price cuts. finally Europe gets some Tesla love too!


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