Tesla announces price cut for certain models [Video]

Elon Musk’s Tesla slashed the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday after first-quarter deliveries came up short of expectations.

The valuable electric-vehicle maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants now cost $47,990 and $51,490, respectively, the Tesla website now shows.

“Affordabiity is key to our mission,” Tesla North America posted on X, the social media platform owned by Musk. “Model Y now starts at $29,490 after US federal tax credit & estimated gas savings.” 

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

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But with the price cuts comes some bad news for customers: the company’s referral program benefits will end in all markets on April 30.

Tesla’s referral programallows buyers …