Tesla drops Model X and S variants and cuts prices

Daniel Fowler
July 17, 2019

Tesla told Electrek it had cut the "off-the-menu" rear-wheel drive Long Range model (it's only AWD), but the fabled $35,000 Standard Range is still available as a special order. On the other hand, the company's Model 3, Model X, and Model S cars have gone through some transformations as well.

"The starting price for the Model 3 will be $30,315, down from $32,225, that for the Model X will rise to $75,315 from $71,325, and the Model S will change to $70,115, up from $65,125, according to the company's website."

In the case of the Model 3, just three trims would now be offered: the Standard Plus; the Long Range; and the Performance.

"We are also adjusting our pricing in order to continue to improve affordability for customers". Prices of the Model S and Model X were cut about 4 per cent to 776,900 yuan and 790,900 yuan, respectively. "It also trimmed the price of its now entry-level Long Range variants".

USA electric carmaker Tesla Inc said on Tuesday it will change prices of its Model 3, X and S vehicles.

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As reported by Reuters, Tesla this week quietly lowered the price on the Model 3 and raised the price on the Model X and Model S. More importantly, Tesla will be simplifying its lineup as to make it more digestible. Tesla's "full self-driving computer" is included on every auto, but activating it is a $6000 option when ordered today and "likely to increase over time" if you buy after delivery.

There are other changes in the lineup. The Model S Performance now costs $99,990 and includes Ludicrous Mode, which has in the past been a $20,000 option (sometimes). The Model 3 accounted for about 80% of the total, which means that Tesla buyers are opting instead for the lowered priced sedan.

Tesla Inc. (NASDAQ: TSLA) is streamlining its product line and tweaking the prices of its electric vehicles in a bid for another jolt following strong second-quarter sales results.

Tesla is down more than 18% year to date.

This is at least the fourth time since its federal tax credits began winding down this year that Tesla has updated its pricing and model lineup.

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