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Tesla’s stock slips after another cut price

Tesla shares fell Monday after the electric-vehicle maker cut the prices of its two most expensive models.

The shares were down a bit more than 1%, while broader markets rose slightly.

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Tesla dropped the base price of its Model S from $94,990 to $89,990, which is about a 5% cut, according to the company’s website. Tesla lowered the base price of its Model X from $109,990 to $99,990, which is roughly a 9% drop.

This is the second time this year Tesla has cut prices on its cars.

Individual investors have been buying Tesla shares at a record pace, scooping up a net $13.6 billion of the company’s shares this year through Wednesday. The stock is the most popular among individual investors in the U.S. by a large margin.