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

:Tesla Inc has cut prices on its two most expensive electric vehicles in the United States, according to the company's website, days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand.

Musk has said repeatedly in recent months that Tesla would focus on bringing prices down to drive demand and that it had seen success in sparking orders with global discounts introduced in January. 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.

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 per cent to $89,990, while the price of the performance, Plaid variant was cut by 4 per cent to $109,990.

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Tesla cuts prices of Model S and Model X variants in US - website:Tesla Inc has cut prices of its Model S and Model X vehicles in the United States, its website showed, days after chief executive Elon Musk said recent price cuts of other models had stoked demand.Prices of Tesla's Model S cars were cut by $5,000. The basic version of Model S would now cost $89,990, down fro
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