Musk has embarked on a series of price cuts this year, alreadydropped the price of Tesla's two most expensive cars
twice following price increases in 2022. At the end of last year, the basic version of the Model S cost $104,990, while the Plaid version would have set you back $135,990. It then cut the Model X and Model S by $10,000 and $5,000 respectively. Musk's moves were initially an attempt to defend Tesla's position as the leading EV maker in the US. But its latest price changes have also made the vehicles more competitively priced compared to other manufacturers, and the price of the Tesla Model Y is nowElectrek suggested the latest cuts came in a bid to shift more stock before the end of the quarter.
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