• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TechEngage®

TechEngage®

Connecting mankind with technology

  • News
  • Reviews
  • Cryptocurrency
  • How-to
  • Roundups
  • Science
    • Energy
    • Environment
    • Health
    • Space
  • Apps
  • More
    • Opinion
    • Noteworthy
    • Culture
    • Events
    • Deals
    • Startups
      • Startup Submissions
  • Videos
  • Tools
TechEngage » News » Car Tech

Tesla drops prices on Model S and X in the US

Avatar Of Muhammad Abdullah Muhammad Abdullah March 7, 2023

A Tesla Model S in Blue color, hitting the road
Tesla Model S (Blue), Image via Tesla Motors

Tesla, the American electric vehicle manufacturer, has cut the prices of its high-end Model S and Model X electric cars by $5,000 and $10,000, which is 5.2% and 9.1%, respectively. This is the second time this year that the car company has reduced the prices of these models, indicating its determination to increase sales volumes.

As per the changes, the Model X has seen a price drop of $21,000 from $120,990 at the beginning of the year to just $99,990. On the other hand, the Model S has fallen from $104,990 to $89,990 since January 1st, a steep $15,000 reduction.

It should be noted that neither of these cars qualifies for Federal Tax rebates, which are set to expire later this month. These tax rebates only apply to SUVs priced below $80,000 and cars under $55,000. However, the reduced prices are likely to appeal to many customers who have been considering purchasing a Tesla vehicle but were previously hesitant due to the prices.

Tesla CEO Elon Musk has previously stated that “the desire for people to own a Tesla is extremely high… the limiting factor is their ability to pay for a Tesla.” The recent price reductions on the Model S and Model X are likely aimed at making these vehicles more accessible to potential buyers.

It is worth noting that most Model 3 and Y vehicles do qualify for the tax rebates due to Tesla’s January price cuts on these models. However, after mid-March, the rules will change, and many EVs that currently qualify may become ineligible.

The recent price reductions on Tesla’s high-end Model S and Model X electric cars are a strategic move by the company to increase sales volumes in this segment of the market. While these vehicles do not qualify for Federal Tax rebates, the reduced prices are likely to appeal to many potential buyers, especially those who have been considering purchasing a Tesla but were previously deterred by the high prices.

Related Tags: Tesla

Related Stories

  • Top Arizona Vehicle Maintenance Tips

    Top Arizona Vehicle Maintenance Tips

  • Toposens Announces New Hi-Tech Ultrasound Sensors

    Toposens announces new hi-tech ultrasound sensors

  • Hyundai Is Set To Release Kona Electric Vehicle

    Hyundai is set to release Kona Electric vehicle

Avatar Of Muhammad Abdullah

Muhammad Abdullah

Editor-in-chief

Abdullah, AKA "abdugeek," is a computer scientist turned tech writer and certified Growth Hacker. He has a versatile entrepreneurial mindset and is well-versed in digital world with passion for animals, particularly fish. Founder of multiple digital startups in technology sector, he's always pushing boundaries and seeking new opportunities. Follow him on social media or learn more about him on about.me/abdugeek.

Reader Interactions

Share Your Thoughts Cancel reply

Please read our comment policy before submitting your comment. Your email address will not be used or publish anywhere. You will only receive comment notifications if you opt to subscribe below.

Primary Sidebar

Become a contributor

We are accepting contributor applications. All applications will be decided in 3 days after applying. To learn more click here.
TechEngage-Apple-News
TechEngage-Google-News
An Image of best Tesla's competitors electric cars

Top Tesla competitors in 2023

An Image of best free YouTube to MP4 Video Downloader

Best free YouTube to MP4 converters for 2023

Recent Stories

  • Best image downloader extensions for Chrome 2023
  • How to record high-quality sound for your YouTube channel
  • Twitter Blue: How to sign up, pricing, features
  • Twitter to kill FREE legacy verified checkmarks on April 1st
  • 11 best car phone mounts in 2023

Footer

Discover

  • About us
  • Newsroom
  • Staff
  • Advertise
  • Send us a tip
  • Startup Submission Questionnaire
  • Brand Kit
  • Contact us

Legal pages

  • Reviews Guarantee
  • Community Guidelines
  • Corrections Policy and Practice
  • Cookies Policy
  • Our Ethics
  • Disclaimer
  • GDPR Compliance
  • Privacy Policy
  • Terms and Conditions

Must reads

  • Best AirPods alternatives on Amazon
  • Best PC monitors for gaming on Amazon
  • Best family board games
  • Best Graphics Cards (GPUs) for gaming
  • Best video doorbells without subscription
  • Best handheld video game consoles
  • Best all-season tires for snow
  • Best mobile Wi-Fi hotspots
  • Best treadmills on Amazon
  • Best AM radios for long-distance reception

Download our apps

TechEngage-app-google-play-store
TechEngage app coming soon on App Store

Copyright © 2023 · All Rights Reserved · TechEngage® is a Project of TechAbout LLC.
TechEngage® is a registered trademark in United Kingdom under Trademark Number UK00003417167 and is ISSN protected under the ISSN 2690-3776 and OCLC Number 1139335774.

Go to mobile version