Tesla has slashed its prices in the United States.
As noticed by Reuters, the Model 3 now starts at $37,990 which is a decrease of $2,000. However, Electrek notes the special order base model is still available for $35,000.
The Model S and Model X receive a bigger price cut of $5,000. As a result, the Model S Long Range Plus now starts at $74,990. Likewise, the Model X Long Range Plus begins at $79,990.
Also Read: Tesla Model S Now Hits 60 MPH In Just 2.3 Sec In “Cheetah Stance” Mode
Model Y pricing remains unchanged as the crossover still costs $52,990. That’s not too surprising as the Model Y is the company’s newest vehicle and it was launched just a few months ago.
While price cuts are always welcome, they’re being accompanied by some bad news. Reuters says customers who purchase a new Model S or Model X will no longer have free access to the company’s Supercharger network. This means owners can expect to pay an average of $0.28 per kWh or $0.13 – $0.26 per minute.
The price cuts are said to be related to a slump in demand due to the coronavirus outbreak which has closed dealerships and kept consumers at home. The pandemic also shuttered Tesla’s factory in Fremont, California and this spawned a short standoff with local health officials when the company reopened the plant without authorization.
Besides cutting pricing in the United States, Tesla will also lower prices in China. There, the Model S and Model X will see a price cut of approximately four percent. Pricing for the Model 3 will reportedly remain unchanged as they’re built in Shanghai.
