2023 Tesla Model S and Model X prices get massive cut

2023 Tesla Model S and Model X prices get massive cut

  • Tesla has again issued significant markdowns, this time cutting the prices of the 2023 Model S and ’23 Model X by $5,000 and $10,000, respectively.
  • The Model X now starts at $101,380, and the Model S starts at $91,380; The plaid versions of each now start at $111,380.
  • Earlier this year, Tesla cut prices of the Model 3 sedan and Model Y SUV.

If you bought either a Tesla Model S or Model X at full price yesterday, you couldn’t be too happy to read this: Tesla has once again cut prices significantly. The latest move sees the starting prices for the 2023 Model S and ’23 Model X slashed by $5,000 and $10,000, respectively.

Model S and X markdown

The Model S now starts at $91,380—down from $96,630. The Model X now starts at $101,380 — down from $111,630. The high-performance plaid version of each now starts at $111,380. Previously, they started at $116,630 (Model S) and $121,630 (Model X).

This brings down the cost of the Model S by about 4 percent; The price of Model X has come down by about 9 percent. Despite the recent price cuts, the Model S and Model X remain Tesla’s two most expensive vehicles.

This is the second time this year that Tesla has implemented large markdowns for its most expensive models, with the Model S and Model X both slashing prices by nearly $10,000 in January.

frequent price fluctuations

As reported by Reuters, the latest price change also represents Tesla’s fifth adjustment since the beginning of the year. The biggest reduction came in January when the company cut the price of the Model Y by $13,000 to bring it below the $55,000 maximum price allowed under the Inflation Reduction Act (IRA), which would qualify it for a federal tax credit. I got help.

The constant changes and updates in prices are enough to confuse even the most informed customers. Earlier this year, when China surprisingly cut prices, customers who had recently purchased a new Tesla were angered by the devaluation of their vehicles. Hundreds of protesters gathered at Tesla stores and chanted “Get the money back, get our cars back”. In a video that was also reported by Reuters.

There are no reports of Tesla offering refunds after the January price cut. This suggests that it is unlikely that Tesla will make any offers for owners who recently purchased a vehicle affected by the latest markdown.

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associate news editor

Jack Fitzgerald’s love for cars stems from an unsettled yet unstoppable addiction to Formula 1.
After a brief stint as a detailer for a local dealership group in college, he knew he needed a more sustainable way to drive all the new cars he couldn’t afford and turned to auto writing. I decided to pursue my career. By bugging his college professors at the University of Wisconsin–Milwaukee, he was able to travel to Wisconsin looking for stories in the auto world before getting his dream job. car and driver, His new goal is to delay the inevitable demise of his 2010 Volkswagen Golf.

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