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Alongside the Model Y updates, Tesla has announced further price cuts on the Model S and Model X, particularly targeting U.S. inventory levels, which had been relatively high—especially for the X variant. These discounts are not entirely surprising, considering Tesla's historical pricing strategy and the substantial margins on these premium models, leaving room for additional reductions.
This move aligns with Tesla's desire to clear inventory and stimulate sales, especially as the electric vehicle market becomes increasingly crowded with competition from traditional automakers and new entrants. It’s likely that more price cuts for Model S and Model X are forthcoming, given that their margins still support aggressive pricing strategies.