Monday, 19 February, 2018

Tesla's Least Expensive Vehicle Just Received Substantial Price Cut

Tesla Model S 75 Now Just $69,500 Tesla Model S 75 Now Just $69,500
Theresa Hayes | 18 April, 2017, 00:44

Tesla Motors has officially discontinued the Model S with 60 kWh battery pack. They've also added the all glass roof (formerly $1,500) and automatic rear power liftgate as standard equipment on the Model S, so the base model has become a significantly better value with these updates.

Tesla's pricing and product matrix can sometimes be challenging to keep track of.

"We expect our total average selling price to remain nearly exactly the same", Tesla said in a statement to press on Monday.

The Model S 75 is now $7,500 cheaper, bringing the new base price to $69,500. That version of the Model S, which offers 249 miles of range on a single charge, is now Tesla's least expensive model. The highest-performance Model S P100D will cost $141,200 (up $5,500), while the Model X P100D will cost $146,200 (up $9,500).

One of the reasons for the price reduction is Tesla wants to help owners of older motels take advantage of cheaper battery upgrades, according to CNET.

If you've been waiting to buy a Tesla, now may be the time.

For those owners of an upgradeable 70kWh Model S (that is, the "facelifted" version - previous 70kWh cars did not come with a software-limited battery and thus can not be upgraded), the upgrade from 70 - 75kWh is now just $500, down from $3,500 prior. Many Model S users see the new upgrade, with owners in Australia also reporting similar changes.

These changes seem to represent a streamlining of Tesla's offerings before the release of the Model 3.

Tesla also reduced the price to "unlock" additional battery capacity in some of its older models. The downfall in price is the aftermath of discontinuing the sales of 60kWh model, whose production stopped recently after the last stock sold out. We expect our total average selling price to remain nearly exactly the same. The Model S 100D will be priced at $97,500 beginning April 24.

Tesla has revealed that by the end of this year, they will slightly increase the pricing in the top end of the range, in order to balance out the average sales chart.