Tesla cuts US prices on entire electric vehicle line-up for third time this year

Tesla, the electric car company led by entrepreneur Elon Musk, has announced a significant price cut on all of its models for the third time this year. The move is aimed at making Tesla’s electric vehicles more accessible to a wider range of consumers and is expected to boost sales in the competitive automotive industry. The company’s latest price reduction follows a series of strategic measures to streamline operations and reduce costs, while maintaining its position as a market leader in the rapidly growing electric car market. In this article, we’ll take a closer look at Tesla’s latest move and what it means for the company’s future.


Tesla has made its third price cut this year in an attempt to attract more buyers during a time of rising interest rates. The reduction affects its entire range of electric vehicles, including $5,000 off the more expensive S saloon and X large SUV, and $2,000 off the Y small SUV. The company has also added a cheaper dual-motor version of the Y, priced at $49,990, and cut $1,000 off the 3 small sedan. Though Tesla saw a 36% growth in Q1 sales, the total number fell short of expectations. To maintain full factory capacity, more vehicles need to be sold, said Guidehouse Research analyst Sam Abuelsamid.


The news of Tesla’s third price cut this year only solidifies the company’s commitment to making sustainable transportation more accessible to everyone. With these price drops, Tesla vehicles are becoming more affordable for the average consumer, helping to shift the world towards a cleaner energy future. It’s exciting to see such a major player in the automotive industry take such bold steps towards a more sustainable future, and we can’t wait to see what else they have in store. As always, BreakingNews.ie will keep you updated on all the latest developments in the world of sustainable energy and transportation.