Tesla announced new price reductions for its U.S. vehicles on Thursday.
The
move marks the fifth price cut Tesla has done in the U.S. since the
start of the year. The EV maker cut the prices of its Model 3 sedan by
$1,000 and its Model Y crossover by $2,000.
- Tesla also cut the prices of its more expensive Model S and Model X by $5,000 each, to $84,990 and $94,990, respectively.
- Earlier this week, Tesla revealed it delivered nearly 423,000 vehicles in Q1, up 36% YoY and up 4% from the previous quarter.
- The company aims to deliver 1.8 million vehicles this year.
- Tesla has reduced the price of its base Model Y by 20% this year and its base Model 3 by about 11%.
- Several automakers have also reduced their EV prices to boost demand.
