Tesla Reduces the Cost of the Model 3, S, and X by Thousands

Recently, Tesla announced price reductions for their Model 3, Model S, and Model X vehicles by several thousand dollars.

The base price of a Model 3 Standard Range Plus has dropped to $39,990, while the top of the line Model X Performance costs $124,490.

This is a huge step forward for Tesla's mission to make electric vehicles more widely available.

Despite the hit to profit margins, Tesla may see a boost in sales and market share if it introduces lower-priced models.

Potential buyers of electric vehicles and environmentalists may benefit in the long run from this decision.

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