Tesla lowers prices again

 

Tesla once again lowered the prices of its electric vehicles in the U.S., with cuts ranging from 2% to 6%, depending on the model.   It's the second wide-ranging price reduction to Tesla's full lineup this year after earlier cuts in January. In the latest round, Tesla slashed the price of its pricier Model S and Model X by $5,000, to $84,990 and $94,990, respectively. The Model 3 sedan and Model Y SUV were lowered by $1,000 and $2,000, with new base prices of $41,990 and $49,990. Tesla is also now taking orders for a less expensive Model Y that starts at under $50,000. The price cuts have enabled some U.S. buyers to qualify for a $7,500 federal government tax credit for EV purchases. However, the IRS will soon apply stricter battery requirements for the EV tax credits. According to Tesla, its most affordable EV, the Model 3 RWD, will see its credit reduced to $3,750 when the new rules take effect on April 18.