Tesla Lowers Price of Model S/X and Model Y by $2,000

Hold onto your hats, folks. Tesla has implemented a $2,000 price drop across various trims of its Model S, Model X, and Model Y vehicles in the United States. The new pricing structure is as follows:

Model S:

  • Long Range: Now $72,990 (was $74,990)
  • Plaid: Now $87,990 (was $89,990)

Back on September 1, 2023, Tesla had a huge price drop for the Model S and X.

Model X:

  • Long Range: Now $77,990 (was $79,990)
  • Plaid: Now $92,990 (was $94,990)

The Model X Plaid went up by $5,000 on October 20, 2023. Now, it’s back down by $2,000.

Model Y:

  • RWD: Now $42,990 (was $44,990)
  • Long Range: Now $47,990 (was $49,990)
  • Performance: Now $51,490 (was $53,490)

On April 1, Tesla increased the price of the Model Y back up by $1,000, ending a March promotion.

The company said on X tonight, “Affordability is key to our mission. Model Y now starts at $29,490 after US federal tax credit & estimated gas savings.”

Tesla recently ended discounts for existing inventory. It also announced tonight its referral program will be ending after April 30, while a new referral program is coming in the upcoming months, according to CEO Elon Musk. With so many changes coming at Tesla recently, Musk had definitely entered ‘wartime mode’.