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

[{"selector":"#anim-c34d2be3-b8cc-40f6-918c-9854dbd26dbc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-50a8d7a7-ab57-479f-9f42-fff4a1ca9851","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cfe49402-2c6e-4a6b-97a5-651824151904","keyframes":{"transform":["translate3d(-117.70492%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-72514b08-5950-4199-b7d4-138b363bce3c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-83bd6eb1-3a07-47bf-a3d2-d44ae283b5b3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0aeb0b52-3a4a-47d5-a07f-d471eb4af66e","keyframes":{"transform":["translate3d(-117.70492%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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.

[{"selector":"#anim-abbf03e2-ca2b-4717-af4c-bc5fda4cc426 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-1d5deefa-e845-4f6a-9203-0afad09a1e14","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4fba89f-1400-4c4b-a466-9b8bc0eaadbd","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-6f4599d7-c687-4148-be37-7dfea5510d2e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-b2b0a97e-81ed-4bcd-aac8-87c93321b19c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e165d7ee-667d-4157-acbd-a0a9b416d986","keyframes":{"transform":["translate3d(-117.70492%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-218eba7c-1ca3-487a-8deb-17a3cf3fcd39 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-97b24079-f2c0-42ed-a8de-ed9376674244","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-498b4363-8edd-46c7-972e-2d6b2bde8fd3","keyframes":{"transform":["translate3d(-117.70492%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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

[{"selector":"#anim-58cdad3d-52fe-43bc-9a94-482205139356 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-093836d0-851d-46d1-b937-405cacffc96b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fb2a783e-12ae-42fd-b3c7-80e1b75cb5af","keyframes":{"transform":["translate3d(-117.70492%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Ram 1500 TRX and a Ford F-150 Raptor R were spotted cruising together. - USA Vehicle

[{"selector":"#anim-25fee613-dd36-4fc8-aa3b-af92997a675f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-2c34d0e4-8c93-4775-9da5-d3c542caee61","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a54cf40e-cfb7-430b-aa0a-e5d43cda8cb8","keyframes":{"transform":["translate3d(-117.70492%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Watch more