Tesla, Inc. Just Slashed Prices of Its Vehicles With Its Biggest Batteries

Tesla, Inc. Just Slashed Prices of Its Vehicles With Its Biggest Batteries

Electric-car maker Tesla (NASDAQ: TSLA) just cut the price of its highest-end vehicles by up to $5,000, making its longest-range and fastest-accelerating Model S and X vehicles a bit more accessible.

These price cuts, which Tesla says are due to improved production efficiencies in its 100 kilowatt-hour battery, could also help reinvigorate sales growth of the two models after three quarters in a row of stalled growth.

Model X (left) and Model S (right) in a Tesla store. Image source: Author.

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Source: Fool.com