Compared to the Tesla Model 3, the Tesla Model X does come with a much higher price tag but the gap is getting narrower now that Tesla has announced that they will be cutting the price of the Tesla Model X.
According to Tesla, the Tesla Model X price was reduced because of the improved margins. Thanks to that, those that want to own a Tesla Model X can own one for $79,5000 now. that is $3000 less.
Some people initially thought that Tesla wanted to lower the price because they were afraid that people would stop buying the Tesla Modle X now that the Tesla Model 3 is here but according to Tesla, the demand for Tesla Model X has remained as strong as ever.
The new price tag should also ensure that people won’t shove the Model X aside in favour of the cheaper Model 3.