Tesla cuts US prices of Models Y, X, S by $2,000

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world's most valuable automaker missed market expectations. Elon Musk's electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website. Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.