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Reading: Tesla cuts Model S/X prices by $8,500 in big quarter-end push
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EV-a2z > News > Tesla cuts Model S/X prices by $8,500 in big quarter-end push
News

Tesla cuts Model S/X prices by $8,500 in big quarter-end push

EV-a2zm
Last updated: 2023/07/12 at 12:34 AM
EV-a2zm Published June 19, 2023 3 Min Read
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Image of an electric vehicle Tesla model X at the Tesla motor show in Berlin. A modern electric car.
Image of an electric vehicle Tesla model X at the Tesla motor show in Berlin. A modern electric car.
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World’s most valuable automaker Tesla is now offering significant discounts and incentives of up to $8,500 on some of its electric cars as the second quarter is about to end. These promotional offers are significantly concentrated on in-stock inventory models in local Tesla stores, particularly the Model S and X cars.

Specifically, Tesla discounted the Model S and X cars by an astounding $7,500, which further dropped to $8,500 with the additional $1,000 referral incentive. Apart from that, Tesla is also offering three months of complimentary Full Self-Driving and three years of free Supercharging.

Initially, Tesla only announced a $5k discount for the Model S and X a few weeks ago. Tesla boosted that promotional incentive by $2,500 to $7,500 

BREAKING: @Tesla has increased the discount on all new Model S & Model X inventory by $2,500 to $7,500 total (up from a $5k discount implemented a few weeks ago). pic.twitter.com/jQLIcPDtbE

— Sawyer Merritt (@SawyerMerritt) June 17, 2023

Model S and X’s nominal prices

It must be noted that the Model S and X’s nominal prices have not changed since May 12, 2023.

Below are the Model S and X prices, excluding DST and order fee (May 12):

ModelLong Range AWDPlaid
  Tesla Model S$88,490  $108,490
  Tesla Model X$98,490  $108,490  
 Note: Tesla adds a $1,390 destination fee and a $250 order fee to all its EVs for a $1,640 total.

Remarkably, Tesla allows its customers to decide whether to configure their model version. However, they can also pick among the available configurations on the Tesla stores’ current inventory near them to take advantage of the incentives.

You can check Tesla stores’ car inventory near you below:

  • Tesla Model S Inventory Deals (Includes Referral Code)
  • Tesla Model X Inventory Deals (Includes Referral Code)

See Also:

  • Tesla offers $1000 off, and a free three-month trial of FSD under its referral program
  • Tesla raises Model S and X prices with free 3-year Supercharging credits
  • Tesla discounts some Model 3 inventory cars, now starting at $384/month
  • Tesla Model 3 has the highest used car discount
  • Tesla offers a year-end discount for Model S/X in the US and Canada

Tesla seems to be trying to boost its sales in Q2 2023 and also to clear its current inventory. All that said, it will be interesting to observe the automaker’s new estimated order backlog, which generally sheds some insight into supply and demand.

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TAGGED: Electric Vehicle, EV, Tesla, Tesla Model S, Tesla Model X, USA
EV-a2zm July 12, 2023 July 12, 2023
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