Tesla Cuts Prices of Models X and S in Attempt to Boost Demand

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Two of Tesla’s most expensive models in the U.S., the Model S and Model X, just got cheaper as the electric-vehicle maker continues to cut prices to boost demand WSJWhatsNow

Weeks after Tesla slashed prices on a number of its models, Ford Motor dropped the price of its electric Mustang Mach-E. WSJ auto reporter Nora Eckert compares the auto makers’ strategic moves and explains what this means for the industry. Photo illustration: Josephine ChuTesla Inc. lowered the prices of two of its most expensive models in the U.S.

, the Model S and Model X, in its latest round of price cuts as the companyTesla dropped the base price of its Model S luxury sedan from $94,990 to $89,990, which is about a 5% cut, according to the company’s website. It also lowered the base price of its Model X sport-utility vehicle from $109,990 to $99,990, which is roughly a 9% decrease. The two high-end models represented only about 5% of Tesla’s total vehicle production last year.

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