Tesla Cuts US Model S and Model X Prices Between 4 Percent and 9 Percent

Tesla Cuts US Model S and Model X Prices Between 4 Percent and 9 Percent
A Tesla Model S charges at a Tesla supercharger station in Cabazon, Calif., on May 18, 2016. Sam Mircovich/Reuters
Reuters
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Tesla Inc. has cut prices on its two most expensive electric vehicles in the United States, according to the company’s website, days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand.

The price cuts, Tesla’s fifth adjustment since the start of the year, ranged from 4 percent on the performance version of the Model S to 9 percent on the more expensive Model X.