April 20 Reuters Tesla Inc raised the U.S. prices for its Model S and X premium electric vehicles, according to its website on Thursday, although they are still 20 lower than the start of the year after a slew of price cuts to drum up demand.

Tesla has been slashing prices globally since January, including as many six times in the United States until as recently as Tuesday, to drive volume, especially for its massmarket cars, the Model Y crossover and the Model 3 sedan.

Tesla39;s Model S Plaid and Model X Plaid the performance versions of those models are now priced at 107,490, up from 104,990 earlier, the company39;s website showed.

The price of the Model X is now roughly 2.6 higher at 97,490, while that of the Model S was increased around 2.9 to 87,490.

However, the prices of all four models are still both between 16 and 23 cheaper than at the start of the year.

Tesla had cut prices on both versions of the Model S and Model X by 5,000 earlier this month, days after reporting deliveries of these vehicles slumped by 38 in January to March.

Tesla Chief Executive Elon Musk on Wednesday doubled down on the price war he started at the end of last year, saying the EV maker would prioritize sales growth ahead of profit in a weak economy.

The company posted its lowest quarterly gross margin in two years, missing market estimates, as it slashed prices aggressively in markets including the United States and China to spur demand and fend off rising competition.

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