Tesla has taken the machete to costs of its Mannequin S and Mannequin X, simply two months after it hacked costs throughout its lineup.

The Mannequin S now begins at $91,380 and the Mannequin X at $101,380, with the Mannequin S worth down $5,000 or about %4, and the Mannequin X worth down $10,000 or about 9%.

The value cuts additionally prolong to the speedy Plaid variations. They’re now each priced at $111,380. Beforehand, the Mannequin S Plaid began at $116,630 and the Mannequin X Plaid at $121,630.

All figures embrace a $1,390 vacation spot cost.

The newest worth cuts come simply days after CEO Elon Musk mentioned throughout an investor presentation that earlier worth cuts have been serving to to spice up demand.

Tesla shouldn’t be alone in reducing costs of its EVs. Shortly after Tesla reduce costs in January, Ford responded with worth cuts for the Mustang Mach-E.

Tesla is by far the biggest EV firm, even previous to saying its latest reductions. It reported roughly 1.3 million EV gross sales in 2022, which was up 40% on the earlier yr and nicely forward of BYD in second place with roughly 900,000 gross sales.

It ought to be famous that even with the newest worth cuts, the beginning costs of the Mannequin S and Mannequin X are nonetheless greater than what they have been simply two years in the past.