Tesla has once again reduced the price of its electric vehicles in an effort to boost sales and compete with rival companies.
In recent days, the company’s website in the United Kingdom, the United States, and elsewhere has featured several thousand-pound reductions, depending on the market and model.
They follow substantial discounts of up to 20% that the company implemented in January.
Tesla increased the starting prices for both the Model S and the Model X when they were refreshed a couple years ago, as the automaker had trouble ramping up production of both vehicles to keep up with consumer demand; surging inflation and lingering COVID-19-related supply chain issues also forced the company to raise prices on other occasions.
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