Tesla Cuts Prices of Its Two Most Expensive U.S. Electric Vehicles

Tesla has cut prices on its two most expensive electric vehicles in the United States, according to the company’s website, days after CEO Elon Musk said recent price cuts on other models had stoked demand.

The price cuts, Tesla’s fifth adjustment since the start of the year, ranged from 4% on the performance version of the Model S to 9% on the more expensive Model X.

Musk has said repeatedly in recent months that Tesla would focus on bringing prices down to drive demand and that it had seen success in sparking orders with global discounts introduced in January.

Read the source article at cnn.com