Tesla Cuts Prices on Model S
Driving Sales to Reach 500,000 Vehicle Sales Target Source: Tesla Model S Model S in US and China Days after reporting a record quarter for car sales, Tesla is now cutting the price of the long range, Model S by 4%. That brings the price of the electric sedan down to $71,990 from $74,990 in the US. Tesla also trimmed the price of the Model S by 3% in China. Earlier this month, Tesla cut the starting price of China-made Model 3 sedans by 8% to $36,805. Elon Musk's Targets for Tesla At a recent annual Shareholders' Meeting, Musk forecasted that Tesla's 2020 deliveries will increase between 30 and 40%. That equals 477,250 to 514,500 vehicles delivered in the year 2020. Cutting the price on top vehicles is designed to increase sales. Musk wants Tesla to have eventu...