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Tesla just slashed Model X and Model S prices for the second time in 2023, by $10,000 and $5,000 respectively

Elon Musk in front of a Tesla
Tesla CEO Elon Musk and the Model X.Getty
  • Tesla just slashed the prices of its two most expensive vehicles.

  • It cut the prices of its Model X and Model S by $10,000 and $5,000 respectively.

  • It's the second time Tesla has cut prices on these vehicles in 2023.

Tesla has slashed the prices of its two most expensive vehicles for the second time in 2023 as it forges ahead with a price war.

The price of the Model S sedan has been lowered by $5,000 in the US, according to the company's website. The basic version now costs $89,990, down from $94,990, while the Plaid performance version now costs $109,990, down from $114,990.

At the end of 2022, the basic Model S cost $104,990 and the Plaid version, $135,990.

The Model X SUV, Tesla's most expensive vehicle, was just discounted by $10,000 in the US, according to the company's website. The basic version is now $99,990, down from $109,990, and the Plaid variant is $109,990, down from $119,990.