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Musk predicted another loss in the second quarter but said Tesla would be profitable again by the third quarter.

Tesla: Sales record within reach but deliveries are problem →

Tesla said in a statement that the reductions are about 2% to 3% on the S and X. The company last week raised the price of its top-selling Model 3 by $400, pushing the base price to $35,400.

Tesla reduces prices on Models S and X amid stock slump →

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