Tesla cuts Model Y, X and S prices in the US and says it’s ending the referral program

The company said the program benefits ‘will end after April 30 in all markets.’


Another round of price cuts has shaved $2,000 off the starting prices of Tesla’s Model Y, Model X and Model S for buyers in the US, Reuters reports. The company’s North America branch posted on X about the change to the Model Y on Friday night, at the same time announcing that Tesla is ditching its referral program benefits in all markets. According to Tesla, the “current referral program benefits will end after April 30.”

Tesla’s Model Y now starts at $42,990 for the rear-wheel drive base model, $47,990 for the Model Y Long Range or $51,490 for the Model Y Performance. The base Model S has dropped to $72,990 while the Model S Plaid now starts at $87,990. The Model X starts at $77,990 (base) or $92,990 (Plaid). The changes come during a rocky few weeks for the company, which just issued a recall for Cybertrucks over possible issues with the accelerator pedal, reportedly laid off 10 percent of its employees and reported a decline in deliveries for the first quarter.