Tesla Model S and Model X Get Another Round of Price Cuts

Chris Teague
by Chris Teague

Earlier this year, Tesla heavily cut prices, stirring anger from some owners over the steep decrease in vehicle values. That hasn’t deterred the automaker, as it recently lowered prices on the Model S and Model X.

Twitter user Sawyer Merritt noticed the changes, which range from $5,000 to $10,000, depending on the model. The changes also bring the Model X Plaid and Model S Plaid even on pricing at $109,990. The Model S AWD price dropped from $94,990 to $89,990, and the Model X AWD dropped from $109,990 to $99,990. 

Price changes on these expensive models won’t have any impact on Tesla’s tax credit eligibility, but its price cuts earlier this year did. The Model Y’s lower price made it eligible for the $7,500 federal EV tax credits, though that could change in March as new rules take effect. Tesla was previously ineligible because it had sold more than the government’s 200,000-unit limit.

A few automakers jumped on the price-cut wagon after Tesla’s previous cuts. Ford dropped the prices of some Mustang Mach-E models, but others have held their EV pricing steady. Hyundai, GM, and others did not cut costs, with Volkswagen saying it would rely on the strength of its products and focus on reliability.

[Image: Tesla]

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Chris Teague
Chris Teague

Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.

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8 of 16 comments
  • EBFlex EBFlex on Mar 06, 2023

    “Earlier this year, Tesla heavily cut prices, stirring anger from some owners over the steep decrease in vehicle values.”

    I always laughed at that. The constant pricing changes are ridiculous and point to automakers not really knowing what they are doing. But the buyers are even more crazy. Do they write checks to Tesla and others when the price goes up? Does it bother them they paid less?

    • See 1 previous
    • Jeff S Jeff S on Mar 07, 2023

      VoGhost--He might be one of those viruses that escaped from a Chinese lab you can call him Wuhan.

  • Master Baiter Master Baiter on Mar 06, 2023

    Every one of Tesla's cars is looking long in the tooth and in need of a facelift IMHO.

    (Yes, I know they are still selling a lot of cars.)

    • MaintenanceCosts MaintenanceCosts on Mar 06, 2023

      Agree; stale styling, inside and out, is their worst competitive weakness at this moment.

  • ToolGuy ToolGuy on Mar 06, 2023

    I like price decreases.

  • Deanst Deanst on Mar 07, 2023

    “But if your self esteem is so low that you need to believe it's because Tesla doesn't know what it's doing, you feel free to tell yourself that.”

    Ad hominem attacks are always a sign that you’ve lost the argument. Thanks for playing.

    • VoGhost VoGhost on Mar 07, 2023

      I will wait here while you educate us in how the argument was lost. Specifically, please share with us all how it is that the most profitable volume automaker, which is also growing at 40-50% annually doesn't know what it's doing.