EV major Tesla (NASDAQ: TSLA) continues slashing its vehicles’ prices in the U.S. – this time for two of its most expensive vehicles in the U.S., the performance version of the Model S and the Model X. According to a Reuters report, this is Tesla’s fifth price adjustment this year and the price cut has been 4% for the performance version of the Model S and 9% for the Model X.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tesla’s Founder and CEO, Elon Musk pointed out in its recent Investor Day, “The desire for people to own a Tesla is extremely high. The limiting factor is their ability to pay for a Tesla.” Musk has repeatedly reiterated over the past few months that the company will continue to drive down prices to spur demand.
Analysts remain cautiously optimistic about TSLA stock with a Moderate Buy consensus rating based on 22 Buys, eight Holds and three Sells.