Tesla Cuts Prices Across The Board (Except Model Y)

Tesla has dropped the prices of the US made Model 3 by $2,000 and the Model S and X by $5,000. Does this signal that the Model Y is cannibalizing sales of Tesla's other vehicles? Is the global recession finally catching up to Tesla? Or is this just Tesla passing along manufacturing efficiencies to its customers? I think it's a combination of all 3 factors ... and possibly to clear out inventory for a new Plaid Model S coming later this year ;)