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Tesla has once again cut prices in an effort to boost demand for its electric vehicles, according to Bloomberg.
The Model S sedan now starts at $84,990, a $5,000 cut from last month's price.
The Model X starts at $94,990, also a $5,000 drop.
The automaker delivered 422,875 vehicles globally in the first quarter.
TESLA SHARES SLIDE AFTER DELIVERIES DISAPPOINT
Elon Musk, CEO of Tesla Motors and the Model X car. ((AP Photo/Marcio Jose Sanchez, File) / AP Newsroom)
The S and X models made up just 10,695 of those deliveries.
Other Teslas, such as the Model 3 sedans and Model Y sports utility vehicles saw their prices trimmed by $1,000 and $2,000, respectively, bringing those starting prices to $41,990 and $49,900, according to its website.
Tesla did a round of price cuts in the U.S. in January, reducing prices by 20% as a way to likely allow some buyers to qualify for a $7,500 U.S. government tax credit.
A Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom. (REUTERS/Yilei Sun / Reuters Photos)
TESLA SLASHES MODEL S AND X PRICES AGAIN BY UP TO $10,000
That reduction on the Model Y crossover brought the vehicle below a $55,000 cap, making it eligible for the tax incentive.
A 14% cut brought the price of a high-performance version of its Model 3 sedan to $53,990, also putting it under the cap.
A Tesla Model 3 is seen in a showroom in Los Angeles, California. (REUTERS/Lucy Nicholson / Reuters Photos)
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Tesla CEO Elon Musk suggested at that time the higher interest-rate environment was hurting demand.
What has stood out most so far — and what’s next for the World Series hopefuls? Our MLB experts weigh in.
ALCS: Mariners vs. Blue Jays
What has surprised you most so far?
Jorge Castillo: The assumption was Seattle’s pitching staff, drained after an exhausting ALDS that concluded with a 15-inning Game 5 on Friday, would need at least Sunday’s ALCS opening game to reset. But Mariners pitchers did not relent. Game 1 starter Bryce Miller set the tone, rebounding from a rocky first inning to give the Mariners six crucial innings. The bullpen starred in Game 2, when Eduard Bazardo, Carlos Vargas and Emerson Hancock each tossed two scoreless innings. Tuesday’s off day should only help the Mariners as the series shifts to their cavernous home ballpark.
Jeff Passan: The lack of competitive at-bats from the Blue Jays. Yes, the Mariners’ pitching is very good. But the Blue Jays — whose high-quality, work-the-count, spoil-pitches approach all season helped deliver them an AL East championship — were practically tweaking to swing at Miller’s pitches in Game 1 and weren’t much better in Game 2. Vladimir Guerrero Jr. is hitless. As are Daulton Varsho, Andres Gimenez and Davis Schneider.
Four runs in two games is not going to do it against a lineup as deep as the Mariners’ and with a pitching staff as susceptible as the Blue Jays’ has been this postseason.
How can the Mariners close this out at home?
Castillo: Hitting home runs at T-Mobile Park isn’t easy — the Mariners hit 134 on the road and 108 at home — but long balls are often the difference in October. Such was the case in Game 2, when the Mariners scored eight of their 10 runs on three homers — two three-run home runs and a two-run shot.
The Blue Jays surrendered 209 home runs during the regular season — the sixth-most allowed in the majors and the most allowed by a postseason team. If the Mariners continue hitting mistakes over the fence, the Blue Jays’ chances of winning four of the next five games are slim to none.
Passan: Do not treat this as a coronation. Too much has happened in Mariners history to ever doubt that something can go very wrong. They have existed 49 years and never so much as made a World Series.
The real answer: cut down on the punchouts. The Mariners are striking out more than 30% of the time over the first two games, and it diminishes opportunities compared to Toronto, which is at 13%. Like Jorge said, as long as Seattle is hitting home runs, this might be moot. In the absence of that, though, putting the ball in play can save them.
What can the Blue Jays do to get this series back to Toronto?
Castillo: It starts with scoring more runs. The Mariners’ pitching staff, tired and all, has silenced an offense that demolished Yankees pitching last week. The Blue Jays tallied only four runs in the two games in Toronto. All were scored in the first two innings. In Game 2, the Blue Jays went 1-for-28 with three walks after the second inning.
Nathan Lukes and George Springer are the only Blue Jays with multiple hits in the series. Guerrero is 0-for-7 with one walk after finishing the ALDS 9-for-17 with three home runs. Varsho is 0-for-7. Addison Barger and Andres Giménez are 0-for-6. Springer’s leadoff home run in Game 1 was the only ball Toronto hit over the fence.
The Blue Jays scored 21 runs in a three-game sweep of the Mariners during the regular season. But that was at home in May, and T-Mobile Park is a pitcher’s haven. It’ll be a quick series if their bats don’t wake up in Seattle.
Passan: Just look at Game 1 of the NLCS. The Dodgers’ offense is struggling, and it really doesn’t matter because Blake Snell threw eight of the most brilliant innings you’ll ever see. And even though Shane Bieber and Max Scherzer, the Blue Jays’ starters in Game 3 and Game 4, are not near Snell’s caliber today, they are both former Cy Young winners who have pitched in huge games. Seattle’s pitching is too good for Toronto to win this series via slugfests. So the Blue Jays are simply going to have to beat the Mariners at their own game: solid starting pitching and enough relief to backfill.
NLCS
What has jumped out to you most so far?
Bradford Doolittle: The Dodgers’ starting pitching has been lights-out. It’s not just all the zeros that Blake Snell and Yoshinobu Yamamoto put up; the Brewers’ hitters looked overmatched against them most of the time. Milwaukee had a clear plan to ambush Yamamoto as often as possible in Game 2, but after Jackson Chourio‘s first-pitch leadoff homer, it just didn’t work. Yamamoto kept pumping in strikes, and the Brewers did nothing with them.
Jesse Rogers: The Dodgers’ starting pitching went from iffy to dominant in the blink of an eye. Part of the reason the Brewers went 6-0 against L.A. during the regular season is that they faced a team piecing together its starting staff. Dave Roberts even admitted to “slow playing” Snell just to have him ready for this moment.
Not even a first-pitch home run by Chourio off Yamamoto in Game 2 could change the narrative. Yamamoto threw a 111-pitch complete game, giving up only two more hits and a walk after that long ball. On most teams, Tyler Glasnow and Shohei Ohtani would be the No. 1 and No. 2 pitchers, but the Dodgers will roll them out against Milwaukee at Dodger Stadium later this week. It’s an embarrassment of riches — and it could doom the Brewers’ chances at their first World Series title.
What do the Dodgers need to do to close out this series at home?
Bradford Doolittle: Just keep riding the wave. The L.A. rotation has become the story of the postseason so far, and even though the Dodgers’ offense hasn’t matched the pitchers in terms of dominance, this is the hottest team around right now. And the offense isn’t going to grind this way forever.
Jesse Rogers: Just keep pitching the way they are and maybe get Ohtani going at the plate. Not that they’ve needed him so far, but if he starts to light it up, this series won’t return to the Midwest. Closer Roki Sasaki is also likely to be more comfortable in his home setting than he was in Game 1. All signs point to the Dodgers winning a short series.
What do the Brewers need to get this series back to Milwaukee?
Bradford Doolittle: They need traffic on the bases, especially early in the games. They haven’t been able to showcase their athleticism against the Dodgers because no one has been getting on base. Get on base, hope to unnerve Glasnow and Ohtani and get into that L.A. bullpen by the fourth or fifth inning. The formula isn’t complicated, but the way the Dodgers are going, executing it will be a challenge.
Jesse Rogers: Putting up a crooked number would help. Somewhere along the line, they need one of those Brewers innings — the kind that forces the defense into mistakes while utilizing their speed and ability on the basepaths to create havoc. Easier said than done against this Dodgers starting staff, but if they can get into the underbelly of L.A.’s bullpen, they have a chance. That’s the path forward for the Brewers.
Researchers from IISc and Caltech have solved a decades-old mystery in photosynthesis, explaining why electrons move through only one pathway. The discovery could help build efficient artificial energy systems.
Travis Hutchison, a soybean farmer, unloads his cargo from his family’s truck at a local grain dealer in Queen Anne, Maryland, on Oct. 10, 2025.
Roberto Schmidt | AFP | Getty Images
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Here are five key things investors need to know to start the trading day:
1. Transpacific turmoil
The volatile U.S.-China relationship hit another bump yesterday when President Donald Trump said he is considering placing a cooking oil embargo on Beijing in retaliation for it’s refusal to buy U.S. soybeans. The ongoing feud has led to choppy stock market trading over recent days.
Here’s the latest:
In a Truth Social post published shortly before yesterday’s closing bell, Trump wrote that China’s refusal to buy American soybeans is “an Economically Hostile Act.” Trump threatened blocking all business with China “having to do with Cooking Oil.”
China was the top buyer of the U.S. crop last year but has not purchased any soybeans since May, as the countries have sparred over trade policy.
The White House has criticized China in recent days and threatened a new 100% tariff, following China’s tightening of export restrictions for rare earth materials.
U.S. Trade Representative Jamieson Greer told CNBC yesterday that China’s future actions will determine if the higher levies are actually implemented. Meanwhile, Treasury Secretary Scott Bessent said China’s latest moves are an attempt “to pull everybody else down with them.”
Stocks have whipsawed in recent sessions as investors monitored the latest developments. The S&P 500 ended yesterday’s session in the red after Trump’s post stymied the index’s attempted comeback.
A customer uses an ATM at a Bank of America branch in Boston, Massachusetts.
Brian Snyder | Reuters
3. Day 15
Travelers wait to go through security at O’Hare International Airport (ORD) in Chicago, Illinois, US, on Friday Oct. 10, 2025.
Christopher Dilts | Bloomberg | Getty Images
While Trump has repeatedly said that his administration’s mass layoffs are targeting “Democrat Agencies” amid the shutdown, the cuts also appear to be affecting bipartisan efforts. At the Treasury Department — where nearly 1,450 federal employees have received reduction-in-force notices — the entire 83-person staff of the bipartisan-supported Community Development Financial Institutions Fund was cut.
As the shutdown enters its third week, air traffic controllers have handed out leaflets at some airports urging the public to pressure Congress to reopen the government. Some airports meanwhile are refusing to play a video from Homeland Security Secretary Kristi Noem blaming Democrats for the shutdown.
4. Taking off
The Boeing Company at Paris Air Show 2025 in Le Bourget airport.
Nicolas Economou | Nurphoto | Getty Images
With September’s figures now in the books, Boeing is on track for its highest annual plane delivery count since 2018. The company said yesterday that it delivered 55 aircraft last month, bringing its total to 440 airplanes in the first nine months of 2025.
As CNBC’s Leslie Josephs notes, Boeing has been able to stabilize its production following several safety and production crises. Executives are aiming to increase production of Boeing’s pricey 737 Max planes.
Boeing on Tuesday also received approval from European Union antitrust regulators for its $4.7 billion acquisition of Spirit AeroSystems. The plane maker agreed to sell some of Spirit’s businesses to remedy competition concerns.
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5. Cash grab
Cheng Xin | Getty Images
The Justice Department seized around $15 billion worth of bitcoin from the cryptocurrency wallets of Chen Zhi, who prosecutors allege ran a large-scale “pig butchering” fraud operation in Cambodia. Zhi, who remains at large, is charged with wire fraud conspiracy and money laundering conspiracy.
It is the largest-ever forfeiture action sought by the DOJ.
The Daily Dividend
Survey results from JPMorgan highlight just how differently Americans in different income brackets view the economy.
— CNBC’s Leslie Josephs, Dan Mangan, Lillian Rizzo, Kevin Breuninger, Spencer Kimball, Jeff Cox and Liz Napolitano contributed to this report. Josephine Rozzelle edited this edition.