That finally changed in January when Tesla implemented price cuts across its entire vehicle lineup worldwide. Since then, the automaker has made some smaller price adjustments – primarily small increases to the Model Y and small price decreases to Model 3. Advertisement - scroll for more content Now in an overnight update to its online configurator, Tesla has slashed the price on Model S and Model X: Model S Long Range AWD: now $89,990, down from $94,990 Model S Tri-Motor Plaid: now $109,990, down from $114,990 Model X Long Range now AWD: $99,990, down from $109,990 Model X Tri-Motor Plaid: now $109,990, down from $119,990 These are significant price reductions ranging from $5,000 to $10,000, depending on the model. However, these price cuts come after years of significant price increases on Model S and Model X following a design refresh two years ago. Tesla had difficulties ramping up production of the new version of the vehicle – creating long wait times that the automaker took advantage of price-wise.