Tesla slashes U.S. Model S and Model X prices to boost demand
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Tesla (NASDAQ:TSLA) cut prices on its two most expensive EVs in U.S. after recent price cuts on other models helped demand, according to published reports citing the Tesla website.
In mid-February, the company revised prices for one version of each of its Model 3 sedan and Model Y crossover in the U.S.

The latest price cuts ranged from 4% on the performance version of the Model S to 9% on the more expensive Model X.
Musk has said that with prices going down in recent months (since January) the company has seen a boost in demand.
Since January the stock price has gained ~83%.
The Model S and Model X, which come in base all-wheel drive and performance "Plaid" editions, represented ~4% of Tesla's global deliveries in 2022; its two cheaper models, the Model 3 sedan and Model Y crossover, made up the rest.
The company announced that it plans to revamp production of its top-selling Model Y in project codenamed Project Juniper.
Relevant Read: "Are cheaper electric vehicles part of the master plan?"

Separately, Jefferies raised its price target on the automaker to $230 from $180, saying the company still has room to grow and that the lack of new product announcements at the Investor Day "does not imply major growth delays."
Analyst Philippe Houchois said "continuous product upgrades should keep Models 3/Y growing across traditional segments, although dynamic pricing could make growth volatile."