Tesla cuts US Model S and Model X prices between 4% and 9%

Tesla did not immediately respond to a request for comment on the most recent price cuts.

Tesla slashed prices on its cars across all of its markets in January, offering discounts of up to 20% in what many analysts saw as the start of a price war by the electric vehicle market leader.

It has been adjusting prices since with a pace and frequency that goes beyond what established automaker's have attempted in an industry where a car's base price is still referred to as a "sticker price" on a vehicle in inventory.

The Model S and Model X, which come in base all-wheel drive (AWD) and performance "Plaid" editions, represented about 4% of Tesla's global deliveries in 2022. Its two cheaper models, the Model 3 sedan and Model Y crossover, made up the rest.

Tesla's website showed it had cut prices on both versions of its Model S by $5,000. The basic version of Model S was cut by 5% to $89,990, while the price of the performance, Plaid variant was cut by 4% to $109,990.

Prices of both the performance and basic variants of Model X cars were cut by $10,000, the electric vehicle maker's website showed. The price of the basic, AWD version of the Model X was cut by 9% to $99,990 while its performance Plaid version was cut by 8% to $109,990.

Tesla has a new version of the Model 3 codenamed "Highland" scheduled to go into production later this year and a change to the Model Y codenamed "Juniper" for next year, Reuters has reported.