Tesla cuts prices on all U.S. models
Sean Gallup

Tesla (NASDAQ:TSLA) cut prices on all U.S. models late Thursday, according to published reports citing the automaker's website.
Tesla cut the price of the Model 3 and Model Y by $1,000 at least and trimmed prices of the Model S and Model X by $5,000 or more.

It introduced a base model of the Model Y that starts at $49,990, according to Bloomberg.
This is the second broad-based U.S. price cut of all models this year and the fifth move to cut prices, Reuters reported.
TSLA prices have trended down since a price cut in January. It cut prices of the Model S and Model X about the same time last month.
Tesla fell 6% after reporting Q1 deliveries.
Danil Sereda, leader of the Investing Group Beyond the Wall Investing advised investors Thursday not to buy the TSLA dip.
UBS said this week an EV price war could bleed into combustion engines.