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Tesla vehicles bought in North America received price cuts Wednesday.
Model S and X received $5,000 price cuts to $74,990 and $79,990 for the entry-level Long Range Plus versions. Performance versions were also cut by $5,000.
Model 3 price was cut by $2,000 for all versions. The base-level Standard Range Plus Model 3 now starts at $37,990.
There was no change made to pricing for the new Model Y.
Tesla reportedly also lowered prices for Model S and Model X in China, but removed the Free Unlimited Supercharging incentive.
Tesla has not said what spurred the price changes. Tesla watchers have speculated the company is trying to stimulate slow sales, as all automakers have suffered during the coronavirus pandemic. Or that efficiencies in production costs are now being passed on to consumers. Either way, it’s good news for Tesla shoppers.