Tesla cuts prices by $2000 to offset halving of federal tax credit

Since January 1, 2019, new Tesla vehicles are only eligible for a US$3,750 tax credit. To compensate, the company has cut prices by US$2,000.

Tesla hit 200,000 sales last year, which meant its customers only qualified for the full US$7,500 tax credit until the end of 2018.

Starting immediately, Tesla has cut the price of the Model 3 Mid Range to US$45,200 including destination. The Long Range model starts at US$52,200, and the Performance is now US$63,200.

The Model S 75D kicks off proceedings at US$77,200, rising to US$95,200 for the 100D, and topping out at US$134,200 for the P100D.

If you want a minivan/SUV, the Model X 75D starts at US$83,200, the 100D is US$98,200, and the P100D is US$139,200.