Tesla reduces prices for S and X models in addition to Model 3



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Tesla's three models got a price cut on Thursday.

The announcement of further discounts was announced when Tesla might not be profitable in the first quarter, as well as move to online sales only and close most of its 378 retail stores.

"The transfer of all online sales, combined with other ongoing cost savings, will allow us to lower the prices of all vehicles by about 6% on average, which will allow us to to reach the $ 35,000 model 3 price sooner than expected, "said the company in a blog post.

Read more:Tesla finally releases the much anticipated Model 3 of $ 35,000

Shares fell about 4% this Friday, as Wall Street investors digested new prospects for Tesla's finances.

Here are the details of the price reductions:

Models:

  • Standard range: Unchanged at $ 79,000 before incentives, such as state-specific tax cuts and gas savings.
  • Long range: now $ 83,000 before incentives. (Previously $ 96,000)
  • Performance: now $ 99,000 before incentives (previously $ 112,000)
  • Playful mode: now $ 114,000 before the incentives (previously $ 132,000)

Model X:

  • Long Range: Now $ 88,000 before Incentives (previously $ 96,000)
  • Performance: Now $ 104,000 before Incentives (previously $ 117,000)
  • Playful mode: now $ 119,000 before the incentives (previously $ 137,000)

More from Tesla's big announcement:

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