Tesla's cut prices in the US yet again, this time by as much as $5,000

• Tesla cut the prices of its two most expensive cars in the fifth reductions this year.
• The Model S and Model X are now $5,000 cheaper, with $2,000 off the Model Y.
• The cuts come as the US brings in new rules on EV tax credits later this month.

Tesla has cut prices on two of its most expensive cars in its fifth reductions this year as the US prepares to bring in new rules on EV tax credits. 

Elon Musk's electric carmaker has slashed $5,000 off both the Model S and Model X, according to the company's website. The price of the Model 3 sedan has been lowered by $1,000 and the Model Y by $2,000 respectively.