Has Covid-19 caused Tesla’s recent overnight price cuts? One has to speculate after the electric car company’s $5,000 decrease in price on some of its most popular vehicles. After Coronavirus related stiff sales, price change may be exactly the boost Tesla needs in the wake of a pandemic.

With car factories re-opening, Tesla is one of the many companies allowed to reopen its Fremont, California location for production. This is exciting news for the company after resolving recent safety disputes. After the stagnation, Tesla’s $5,000 price cut on its Model S sedan, that is now $74,990, is a new price for the company that it now lists online.

Heading over to the company’s website, it is also seen that its Model X SUV is also $5,000 less, now listing at $79,990 as opposed to its previous price at $84,990. Differently, the more compact and more recent Model 3 sedan sees Tesla’s smallest markdown at $37,990, showing a $2,000 price difference. Performance starts at $54,990 while Long Range charge sits at $46,990.

Tesla Drops Other Vehicle Prices.

Also receiving a larger $5,000 drop-in price are the Upgraded Performance Models S and X – and these are not the only changes: as Tesla says it will no longer offer its Supercharger quick-charging service for free. This is targeted specifically at new customers of its Model S sedans and its Model X SUV’s.

Overall, several auto companies, including General Motors, Fiat, and Ford, have concentrated efforts for re-opening. They are also offering incentives to buyers like deferred payment and 0% financing. These incentives may be a response not only to the Pandemic but also to United States auto sales nearly half plummeting from April last year – as reported by J.D. Powers. Speculation states that May will produce more buying, the company projects.

The auto industry employing up to 1 million people. Excitement is sure to accompany the lifting of many shut-downs, helping many to return to work in the vital industry.

Tesla China will also see price cuts, they say. The Model S and Model cars will see a 4% price-cut, Tesla’s Model 3 China price seems to be unchanged.