True, but it sounds like the base Model 3 also got a price cut.

So, if you’re in the market for a “cheap” electric car, you have a price cut. If you’re looking for a high end one, you have a price cut. It’s only if you’re looking for a “cheap, high end” electric car that your cost goes up.

That seems like a reasonable trade off for Tesla. Let the value buyers go for a Model 3, and push the premium buyers to the higher end. Plus, with the Model 3 released there may not be too many people getting the entry level Model S and X anyway.