Elon Musk's electric-vehicle (EV) maker lowered the prices for its Model Y base variant to USD 42,990, while the long-range and performance variants are now priced at USD 47,990 and USD 51,490, respectively, according to its website.
The basic version of the Model S now costs USD 72,990 and its plaid variant USD 87,990. The Model X base variant now costs USD 77,990 and its plaid variant is priced at USD 92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.
Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.
Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost USD 25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.
Tesla is to report first-quarter earnings on Tuesday.
(Reporting by Nilutpal Timsina in Bengaluru; Editing by Shri Navaratnam and William Mallard)
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