If you want to get a “cheap” Tesla, your options are about to shrink a bit.
In a tweet sent Thursday, Tesla Chief Executive Officer Elon Musk said that the electric carmaker will stop taking orders for the 75D versions of the Model S and Model X vehicles Sunday night. Musk didn’t go into any details as to why the company is doing away with those options, but he did say that Tesla is not going to phase out the Model S or Model X this year.
Starting on Monday, Tesla will no longer be taking orders for the 75 kWh version of the Model S & X. If you’d like that version, please order by Sunday night at https://t.co/46TXqRJ3C1
— Elon Musk (@elonmusk) January 9, 2019
“Def not,” was Musk’s reply when asked about whether the Model S and Model X will disappear from Tesla’s offerings any time soon.
Now, when calling a Tesla “cheap,” all things are relative.
The Model S 75D version starts at $76,000, and can go about 259 miles on a fully charged battery. That version of the Model S costs $18,000 less than the Model S 100D car, which has a battery range of 335 miles.
The Model X that is being discontinued has an initial sticker price of $82,000, and a battery range of 237 miles. The next version up, the Model X 100D, will set you back $97,000, while letting you drive 295 miles on fully charged battery.
Dan Ives, director of technology research at Wedbush Securities, said Tesla’s plans are all about driving more consumers toward the Tesla’s lowest-priced vehicle, the Model 3 sedan.
“This is all about simplifying production out of Fremont,” Ives said. “The Model 3 remains the fuel in the engine for Tesla going forward, and this latest move by Musk further supports that strategic shift.”
The Model 3 currently costs about $57,000 for most models with certain amenities such as longer-range battery life. Tesla has set a goal of releasing a Model 3 with a $35,000 sticker price this year. The company is also expected to give more details about its upcoming Model Y car in the coming months.
Source: Mercury news
Tesla streamlines, drops least expensive Model S, Model X cars