TESLA CUTS PRICE ON MODEL S/X, FSD + NEW MODEL 3 INSIGHTS

EV Channels Review

Tesla has implemented significant price reductions across its Model S and Model X lineup, with base versions seeing decreases of 15-19% and Plaid variants dropping by 18%. The short-lived standard range software-limited models have been discontinued. Notably, the Model X now qualifies for the $7,500 US federal tax credit due to its reduced MSRP falling below the $80,000 cap for SUVs. The reviewer expresses a preference for higher vehicle prices but acknowledges Tesla's willingness to make swift, difficult decisions to drive volume. Price cuts on FSD have also been announced, reducing the cost from $15,000 to $12,000 in the US, a move potentially aimed at increasing the take rate amidst compressed vehicle margins. Early impressions of the Model 3 Highland suggest notable improvements, with potential range increases of 5-12% depending on testing cycles and wheel configurations. A glimpse of the production-ready Cybertruck frunk, featuring an embossed logo, was also shared.