Credit: jetcityimage / iStock Editorial / Getty Images Plus Tesla has announced significant price reductions across several of its models, including the Model Y, Model S, and Model X, each reduced by $2,000 in the US. This pricing adjustment comes amidst a series of setbacks for the company, including workforce reductions, executive departures, legal challenges concerning CEO Elon Musk's compensation, and paused projects, as reported by Electrek.com. SEE ALSO: Tweet may have been deleted The new starting price for the Model Y RWD is now $42,990, down from $44,990. Other trims, including the Long Range and Performance models, have seen similar $2,000 reductions, bringing them to $47,990 and $51,490, respectively. The more upscale Model S and Model X also enjoy the $2,000 discount, with the Model S now starting at $72,990 and the Model X at $77,990. This reduction marks the lowest price point for the Model X, which also qualifies for a federal tax credit, potentially reducing its upfront cost further. Electrek notes that Tesla has not labeled these reductions as "temporary" — suggesting a potential strategic shift in pricing. These cuts come at a time when Tesla is also promoting a new lease offer for the Model 3 at a reduced rate of $299 per month, down from $329. This series of price adjustments appears to be a response to various internal and external pressures facing Tesla, aiming to boost sales and address stock issues amidst ongoing challenges. Topics