Technology

Tesla slashes EV prices by up to $5,000 in North America and China

Tesla slashes EV prices by up to $5,000 in North America and China

Tesla has quietly reduced its electric vehicles’ prices by thousands of dollars in North America and will also do the same in China, according to Reuters and Electrek. As the publications note, the automaker has cut prices across its lineup following an industry-wide decline in sales and demand caused by the coronavirus pandemic. Tesla has given its more expensive models, the Model S and the Model X, the biggest price cut, slashing $5,000 off their old purchase price.

The Model S Long Range Plus EV is now listed for $74,990 from $79,990, while the Performance version now costs $94,990. Meanwhile, the Long Range Plus version of Model X is now listed for $79,990, which is also $5,000 less than before. The Model 3 got a more modest $2,000 discount, bringing its purchase price down to $37,990 from $39,990. Tesla’s Model Y prices, however, remain unchanged.

About the author

Erin Fox

Erin Fox

From television to the internet platform, Erin switched her journey in digital media with News Brig. She served as a journalist for popular news channels and currently contributes his experience for News Brig by writing about the tech domain.

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *

Latest News