Tesla to Introduce Cheaper Electric Cars:
Teases Video of Upcoming Tesla Cars
Tesla CEO Elon Musk has previously admitted the need for a more affordable Tesla, one that is cheaper than the Model 3, to gain a foothold in emerging and developing markets across the globe.
Tesla has been teasing two new electric vehicles, one of which could be the cheapest ever from the brand.
The much-delayed Cybertruck is also being given the finishing touches, and the company is expected to reveal more details about it soon.
Its luxurious and high-performance electric cars had consistently increased prices over the past two years but are now bringing them down to attract more buyers.
Price Cut on Tesla
The Model S now starts at just $84,990, down $5,000 from yesterday, while the Model X starts at $94,990, also down $5,000.
Model S and
The base Model 3 now starts at $41,990, down from $42,990, while the Model 3 Performance has seen a $1,000 price drop to $52,990.