Tesla has cut prices of the Model S and Model X In the United States by as much as 9 per cent.

Updates to Tesla’s website first revealed the changes. For the Model S, the entry-level model’s price has dropped by 5 per cent to $89,990 while the price of the Model S Plaid has been reduced by 4 per cent to $109,990.

Additionally, prices of both variants of the Model X have been cut by $10,000. This means that the basic version of the all-electric SUV now starts at $99,990, a 9 per cent reduction, while the Model X Plaid can be picked up for $109,990, an 8 per cent reduction in price.

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 Tesla Slashes Model S And X Prices By Up To $10,000 Or 9% In The U.S.

These price cuts come shortly after Tesla chief executive Elon Musk discussed the importance of cutting prices during the carmaker’s recent Investor Day.

“The desire for people to own a Tesla is extremely high,” he said. “The limiting factor is their ability to pay for a Tesla.”

Tesla triggered headlines in January when it announced even more substantial price cuts with a particular focus on the Model 3 and Model Y. Prices of the Model 3 sedan were slashed by as much as 14 per cent while the starting price for a Model Y fell by almost 20 per cent.

The car manufacturer continued to tweak prices throughout January and February. Indeed, in February, the price of the Model Y Performance jumped by $1,000 while the price of the Standard Range AWD was increased by $500.

 Tesla Slashes Model S And X Prices By Up To $10,000 Or 9% In The U.S.