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

A new round of price cuts has slashed $2,000 off the starting prices of Tesla’s Models Y, X and S for buyers in the United States. The company’s North American branch posted about the change on X on Friday evening, announcing at the same time that Tesla was dropping the benefits of its referral program in all markets. According to Tesla, “current referral program benefits will end after April 30.”

Tesla’s Model Y now starts at $42,990 for the base rear-wheel-drive model, $47,990 for the Model Y Long Range, or $51,490 for the Model Y Performance. The base Model S is down 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 tough few weeks for the company, which just recalled Cybertrucks over possible problems with the accelerator pedal, reportedly laid off 10 percent of its employees and reported a drop in deliveries for the first quarter.