Tesla cuts prices of Model Y and Model X variants in US

TESLA Inc has cut prices of its Model S and Model X vehicles in the US, its website showed, days after its chief executive Elon Musk said that the recent price cuts of its other models had stoked demand.

Prices of Tesla’s Model S cars were cut by US$5,000. The basic version of Model S would now cost US$89,990 from US$94,990 before, while its performance variant would cost US$109,990 from US$114,990 earlier.

Prices of both the performance and basic variants of Model X cars were cut by $10,000, the electric vehicle maker’s website showed. REUTERS