Tesla Hikes US Prices Days After 6th Price Cut This Year

Tesla Hikes US Prices Days After 6th Price Cut This Year
A Tesla logo on a wheel rim during the media day for the Shanghai auto show in Shanghai on April 16, 2019. Aly Song/Reuters
Reuters
Updated:
0:00

Tesla Inc. raised the U.S. prices for its Model S and X premium electric vehicles, according to its website on Thursday, although they are still 20 percent lower than the start of the year after a slew of price cuts to drum up demand.

Tesla has been slashing prices globally since January, including as many six times in the United States until as recently as Tuesday, to drive volume, especially for its mass-market cars, the Model Y crossover and the Model 3 sedan.