Tesla says that a reduction in credit availability is likely to happen at the end of this year, because the credit has stricter requirements that go into place at the end of each year. This means that certain buyers (who do not run afoul of the the IRA’s income caps of 150k single/300k married filing jointly) can actually get an X for less than an S, as long as they buy a base model X with no options physically attached from the factory (well, except for the now-free paint colors). Prior to now, the Model S and X were both above that cap, and the S is still above the car cap, but the X is now below the SUV cap. The Inflation Reduction Act set MSRP caps on what vehicles can qualify for the $7,500 tax credit, with a threshold of $55k for cars and $80k for trucks and SUVs. So you can choose between white, black, grey, blue, or red for free.īut wait, there’s more! Due to a quirk in how the US Federal EV Tax Credit works, the Model X can now actually be cheaper than the Model S after incentives – at least in its absolute base trim. Although, do note that Tesla is prone to overstating its range numbers, and these cars actually haven’t changed hardware-wise, as the SR model had the same battery, just locked behind software.Īnd as for another stealth price drop – all paint colors are now included in the base price, so you’re no longer locked to a single “standard” paint color if you want the base price (as is the case for grey Model 3s right now). Yesterday’s base model was the software-limited Standard Range, with 320/269 miles of range for S and X respectively.

We hardly knew ye.īut that model has been replaced with price cuts across all the rest of Tesla’s S and X range, leading today’s base price of the larger-battery versions of both cars to be cheaper than yesterday’s base price of the smaller-battery versions.Īnd so, today you can get a Model S for a base price of $74,990, $3,500 less than yesterday’s lowest price, or a Model X for $79,990, $8,500 less than yesterday:īeyond that, today’s “base model” now has the larger battery, with an estimated EPA range of 405 miles for the S and 348 miles for the X. Good news and bad news from Tesla today – the cheapest Model S and Model X, the $78,490/$88,490 Standard Range version, is gone. Tesla has cut prices on the Model S and X, with price drops of 15-19% in the US on all trim levels (and similar cuts in the rest of the world), except for the brand-new Standard Range model which was introduced just over two weeks ago and is now no longer available.

Tesla slashed prices