Tesla EVs fast-charge using Tesla Superchargers at a Buc-ee’s travel center and gas station in Baytown, Texas, US, on March 18, 2023. (Photo: REUTERS/Bing Guan)

The fifth such cut in Tesla's largest market since the start of the year comes as the United States prepares to adopt tougher standards this month that are expected to limit EV tax credits.

Tesla cut prices on both versions of its Model 3 sedan by 1,000 USD and on its Model Y crossover by 2,000 USD, the website showed. It also cut prices on both versions of its more expensive Model S and Model X by 5,000 USD. 

Tesla has cut the price of its base Model 3 by a cumulative 11% since the start of the year, with a 20% reduction on its base Model Y.

The company has set a target of 1.8 million deliveries this year.