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Model S & X Owners Unhappy After Tesla Cut Price By As Much As $30K Demand a List of Compensations From Tesla

Recently, Tesla cut Model S & X prices by as much as $30,000. Although great news for people looking to buy new vehicles, it has been received negatively by current Model S & X owners who are now demanding a list of compensations from Tesla.

Yesterday night, together with the FSD price cuts, Tesla significantly decreased the price of the Model S & X. The price cuts happened in all geographic regions where Tesla sells its vehicles and amount to a 15 to 20 percent price decrease for Tesla’s more premium sedan and SUV.

For example, in the US, the price of the Model X Long Range went down by $18,500 from $98,500 to $79,900 and the Model S price went down by $13,500 from $88,500 to $74,490.

The Plaid version of both vehicles saw an $18,500 price decrease and now the Model S & X Plaid both start at $89,900.

Tesla also made similar price adjustments in China, however, unlike in the US, this is the second time in as many weeks that Tesla has cut Model S & X prices in the country. If we take the two price cuts together, Tesla decreased the starting price of the Model X which was around $124,000 a couple of weeks back to $102,000 now.

Related News: Breaking: Tesla Massively Cuts Model S, X & FSD Prices, Model X Now Qualifies For $7.5K EV Tax Incentive

The Model X Plaid saw its price cut from $142,000 to $115,500. Both variants of the Model S also saw a similarly significant price cut going as much as a $30,000 cut for the Model S Plaid.  

The price cuts are wonderful for people planning to buy these vehicles however, for anyone who just took delivery of a new Model S or X, this move by Tesla undoubtedly leaves a sour taste in their mouth as their vehicle value just went down 20% to 25% in just a couple of weeks.

For a while now these price fluctuations have been one of the more reasonable criticisms regarding the EV maker. And to make things worse, there isn’t a straightforward way Tesla can avoid this problem due to the EV maker’s direct-to-consumer sales approach.

Most Tesla owners, although begrudgingly, accept this fact and a few days after a massive price cut move on and try to enjoy their vehicles. However, a group of Tesla owners in mainland China are taking their disapproval of the recent price cuts to the next level and have sent a petition letter demanding compensation from the EV maker.

The letter reads…

Dear Tesla:

We, as the first batch of domestic Tesla Model S/X owners, are deeply disappointed with Tesla’s recent price reduction for the relevant models. Most of us have experienced a long wait for 1-2 years in the car buying process, and our trust and expectations in Tesla have led us to choose this outstanding electric vehicle.

However, this price reduction which amounts to $30,000 has seriously affected the value of our vehicles and our love for Tesla. We believe that Tesla has a responsibility to compensate for the loss caused to car owners. Therefore, we jointly declare and propose the following demands to Tesla: 

The vehicle owners then go on to list their demands which include: 1)access to free lifetime Supercharging, 2) free FSD upgrade 3) extended warranty, and 4) discount on future vehicle purchase.

The Tesla owners add…

We understand that Tesla may face market competition and price adjustment pressure, but we believe that only by considering and taking care of the interest of old car owners can consumers’ long-term trust and support be won.

Finally, the disgruntled Chinese Tesla owners close out their letter by writing that they “look forward to Tesla’s positive response to their demands and practical actions to prove its respect and care for consumers.”

As of writing, Tesla has yet to respond to the Model S and X Owners’ demands however, we’ll be sure to keep you posted if we learn more about this situation. Until then, make sure to visit our site regularly for the latest updates.

So what do you think? Do you agree with the Chinese Model S & X Owners’ frustration? Also, do you think Tesla should meet their demands? Let me know your thoughts in the comments below.

Image: Courtesy of Tesla, Inc.

For more information check out: Elon Musk Categorically Denies SEC & DOJ Investigation Claims That He Misappropriated Tesla Funds To Build a Glass House

Tinsae Aregay has been following Tesla and The evolution of the EV space on a daily basis for several years. He covers everything about Tesla from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.


CynthiaB (not verified)    September 3, 2023 - 10:48AM

I understand their frustration, as the electric vehicle market issues are mostly borne by the customer. I have a domestic 2021 Chevy Bolt. In an attempt to mitigate costs of battery replacement, my vehicle has been equipped with an algorithm that prohibits me from charging more than 80% for 6200 miles. If I achieve this objective, GM does not have to replace my battery. No customer compensation has been offered for this inconvenience. Lawsuits abound.