Tesla smashed the prices! Is this really the price for a Tesla?
Tesla lowers the price of the Model S and X in the US by up to $10,000. It's those versions' second significant price reduction of the year.
In the new world that started with the coronavirus, chip problems and many financial problems also occurred. With the outbreak of the Ukraine-Russian war, the automobile industry was badly affected by this situation. Higher prices have made it difficult for people to buy cars, just at a time like this, Tesla is now reducing its prices.
According to updates to its website that TechCrunch noticed, Tesla has reduced the prices of its high-end Model S and Model X electric vehicles by $5,000 (5.2%) and $10,000 (9.1%). This might not be a huge price cut for you but at the end of the day 10.000 dollars is a considerably good discout.
The Model X has decreased $21,000 from $120,990 at the start of the year to just $99,990 at this moment thanks to the company's second price cut this year. The Model S, on the other hand, has seen a significant $15,000 decrease since January 1st, going from $104,990 to $89,990. Thanks to Tesla's January price reductions on those EVs, the majority of Model 3 and Y cars do qualify for the rebates.
Thanks to Tesla's January price reductions on those EVs, the majority of Model 3 and Y cars do qualify for the rebates. (Remember that since it's a "nonrefundable" tax credit, you can only take advantage of it if you owe at least $7,500 in federal taxes.) However, the regulations will change after mid-March, and many EVs that presently qualify might lose their eligibility.