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Tesla to retire lowest-priced versions of its Model S, X vehicles

10 Jan 2019
Business
Tesla to retire lowest-priced versions of its Model S, X vehicles
San Francisco, Jan 10 (IANS) Tesla will stop selling the lowest-range versions of its Model S sedans and Model X SUVs from Monday, the electric car maker's CEO Elon Musk said.
 
"Starting on Monday, Tesla will no longer be taking orders for the 75 kWh version of the Model S & X," Musk revealed in a tweet on Wednesday, while asking people interested in buying those vehicles to place their orders latest by Sunday.
 
Higher-end versions of the S and X, equipped with a 100 kWh battery, will still be made and sold by Tesla, but at a higher price, CNBC reported, adding that Tesla did not respond to inquires as to why the S and X offerings were pared back.
 
The price for a new Model S will start at $94,000 and the starting price for a Model X will be $97,000 from next week, according to Musk's tweet-announcement.
 
The Model S and X are Tesla's second and third major lines of electric vehicles, and are higher-priced lines compared to its newest Model 3, the report said.
 
Tesla is taking steps to start Model 3 production in China.
 
Earlier this week, Musk laid the foundation of a Tesla Gigafactory in Shanghai -- the first-ever outside the US -- that is expected to produce 500,000 electric vehicles per year and double the production capacity of Tesla
 
"Aiming to finish initial construction this summer, start Model 3 production end of year & reach high volume production next year," Musk had tweeted, adding that "Shanghai Giga production of Model 3/Y will serve greater China region".