Tesla's latest price cuts come on the eve of the company's first quarter earnings.
in March, and again in April, bringing the starting price of the S down to $86,380 and the price of the X down to $96,380.While most of Tesla's lineup is still eligible for the full $7,500 in federal tax credits, Tesla notes that the Model 3 with rear-wheel drive only qualifies for $3,750 in credits due tothat take into account sourcing of critical minerals and battery components.
Tesla delivered 422,875 vehicles in the first quarter of 2023. While that total was 4% higher than the previous quarter and 36% higher year-over-year, it also marked the second quarter in a row in which Tesla produced significantly more vehicles than it delivered to customers.
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