Tesla Slashes Prices of Model S/X and Full Self-Driving

Tesla has once again made headlines by reducing the prices of its Model S and Model X vehicles in both Canada and the United States. This move comes on the heels of Tesla announcing new Model 3 offerings for Asia, Europe, the Middle East, and Australia.

U.S. Price Adjustments

In the United States, Tesla has discontinued the Standard Range versions of the Model S and Model X but has slashed the prices on existing configurations. The Standard Range was introduced just two weeks ago as a lower-priced entry model with lower range, but has now been eliminated altogether. The new prices now are lower than what the Standard Range was offered before, which is pretty impressive.

Model S price drops are as follows:

Likewise, the Model X has seen substantial price cuts:

Additionally, the Model X now qualifies for a $7,500 federal EV tax credit for the first time. Other changes:

  • All colors for both models will now be available at no extra charge in the U.S. and Canada, a significant change considering that the Ultra Red color previously cost an additional $3,000 USD
  • Tow package is now included for Model X, no longer an upgrade

Canadian Price Drops

In Canada, the price adjustments are equally notable, with Standard Range Model S and X also axed:

For the Model X:

International Price Drops

Tesla also dropped the price of Model S and Model X in Asia as well, including China and South Korea. There are also price drops for these vehicles in Europe as well.

Full Self-Driving (FSD) Price Reduction

Tesla hasn’t stopped at vehicle prices; the cost of the Full Self-Driving (FSD) package has also been reduced. In the U.S., it now costs $12,000 USD, down from $15,000. In Canada, the FSD package is now available for $16,000 CAD, a $3,500 CAD reduction from its previous price of $19,500 CAD.

These strategic price adjustments in North America coincide with Tesla’s global expansion, and competitors are likely going to have a hard time keeping up with these price adjustments.

You can save an extra $1,000 USD on a Model S/X if you order using a referral code, making these price drops even sweeter (plus you get 3 months of FSD for free).