Tesla Model S, X Are Seeing Massive Price Reductions—Here’s Why

Massive savings are on the way for interested users who want to make the electric switch, as Tesla now offers price reductions for the Model S and Model X electric vehicles (EVs).

Another massive news for those interested in buying Tesla now is the additional model seeing US EV Tax Incentives eligibility to get another round of discounts via the Inflation Reduction Act.

The more affordable EVs from Tesla come at a time when the company is facing controversy but remains an iconic name in the market for all clean energy needs.

Tesla Model S, Model X Gets Massive Price Reduction

According to Electrek, the new price reductions for two of Tesla's electric vehicles, the Model S and Model X, will range from $3,500 to as much as $8,500 in savings for new buyers.

These models are known to be its more premium lineup than the Model 3 and Model Y, with another iconic change being that all colors available are now part of its base price.

The Model S is now priced at $74,990 from its original price of $78,490, getting a massive $3,500 price slash. On the other hand, the Model X is now available starting at $79,990, with a bigger discount of $8,500.

Another thing is that this base variant is also its main trim, as according to Engadget, Tesla has already removed its Standard Range version, which features a smaller battery and shorter range.

Tesla Model X Eligible for US EV Tax Incentives

Reports also tackled the re-entry of the Tesla Model X to the US EV Tax Incentives eligibility as its prices went down, as the Inflation Reduction Act's threshold for electric SUVs is at $80,000.

Model X's new price is in the sub-$80,000 category, thus eligible for EV tax credits from the government. The recent price cuts are part of its global pricing as other regions like Europe and China saw similar prices from Tesla.

Tesla's Electric Vehicles

In terms of comfort and reliability, Tesla has proven itself in the market with its electric vehicles, with the company being an iconic name in the industry for revolutionizing the change to clean energy.

However, the company is also facing massive controversies now regarding the different aspects of its car, mainly focusing on autonomous driving features.

Both the Model S and Model X recently faced controversies, centering on the vehicle's seat belt-related defect that has plagued the EV owners and raised their concerns against the company.

Still, Tesla provided the world with iconic electric vehicles and is doing well now, with its technologies and features seeing upgrades in the market.

With Tesla slashing the prices on the more premium tier EVs in its lineup, the company is making it more affordable for users who want to switch to clean energy.

Model S and Model X are two fine vehicles from Tesla, equipped with iconic looks, features, comfort, and tech that currently make them one of the most iconic cars, now eligible for an EV tax incentive.