Tesla's Price Cuts and Hikes: A Rollercoaster Ride for Investors.

Tesla has increased the prices of its Model S and Model X premium electric vehicles in the US, although they are still 20% lower than at the start of the year. The price of the Model S was increased by around 2.9% to $87,490, while the Model X is now roughly 2.6% higher at $97,490. Tesla has been slashing prices globally since January, including as many six times in the United States until as recently as Tuesday, to drive volume, especially for its mass-market cars, the Model Y crossover and the Model 3 sedan.