Technology Other News 16 Jul 2019 Tesla drops cheapest ...

Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup

REUTERS
Published Jul 16, 2019, 1:08 pm IST
Updated Jul 16, 2019, 1:08 pm IST
Tesla also lowered the starting price of its mass-market Model 3 to USD 38,990.
Tesla is building a factory in Shanghai where it initially plans to build Model 3 cars.
 Tesla is building a factory in Shanghai where it initially plans to build Model 3 cars.

Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries.

To simplify its offerings, the automaker on Tuesday limited variants of its Model X sport-utility vehicle and Model S sedan to “Long Range” and the more expensive “Performance”. It also trimmed the price of its now entry-level Long Range variants.

 

The discontinuation of the standard-range variants, however, means a rise in starting prices - to USD 84,990 for the Model X and USD 79,990 for the Model S, excluding potential buying incentives.

Tesla also lowered the starting price of its mass-market Model 3 to USD 38,990.

“To make purchasing our vehicles even simpler, we are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3,” Tesla said in a statement.

“We are also adjusting our pricing in order to continue to improve affordability for customers.”

Earlier this month, Tesla said global deliveries of its three models in the second quarter of this year rose 51 per cent from the previous quarter to a record 95,200 vehicles. The Model 3 accounted for about 80 per cent of the total, underscoring the vehicle’s role as the linchpin of Tesla’s growth strategy.

The automaker said it expected production and deliveries to continue growing in Q3.

In China, the world’s largest market for electric vehicles, Tesla’s changes on Tuesday pushed the starting price of its Model X to 790,900 yuan (USD 115,068) and Model S to 776,900 yuan.

Tesla is building a factory in Shanghai where it initially plans to build Model 3 cars. It is taking orders for those China-made versions, which have a starting price of 328,000 yuan.

Click on Deccan Chronicle Technology and Science for the latest news and reviews. Follow us on Facebook, Twitter

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT