Tesla simplifies lineup again, removes Standard Range Model S and X

Tesla simplifies lineup again, removes Standard Range Model S and X

Tesla has slashed the price of its cheapest vehicle, the standard range Model 3, while discontinuing other base models in a bid to simplify its lineup, the company said. "Like other auto companies, we periodically adjust pricing and available options".

In Australia, according to the vehicle order page, prices don't look much different (before on road costs): Standard Range - $66,000; Long Range AWD - $85,000; Performance model - $91,200. It also trimmed the price of its now entry-level Long Range variants.

Tesla's simplified offering, however, means that the starting prices of Model X an Model S would rise to US$84,990 and US$79,990 respectively, excluding incentives.

The company also discontinued the standard version of its Model S and X vehicles.

Tesla is adjusting prices "in order to continue to improve affordability for customers", the Chinese unit said in a statement. Now the option costs an additional $6,000. However, the Performance S and X will both get Ludicrous as standard, which used to be a $20,000 upgrade.

Earlier this month, Tesla reported a 51-percent increase in sales over the previous quarter.

In China, Tesla's changes pushed the starting price of its Model X to 790,900 yuan ($115,068) and Model S to 776,900 yuan ($112,960). The carmaker predicted its production and deliveries to continue growing in the third quarter of the year.

Shares of Tesla lost more than 2% in early trading Tuesday after it slashed prices for vehicles shipped to China, cut two vehicles from its USA lineup, and lowered the price of a third.

Tesla is building a factory in Shanghai where it at first intends to build Model 3 cars.

Tesla Inc. cut the starting up label of the Model 3 sedan within the US weeks after a federal tax credit shrank in half, renewing difficulty over whether the electrical-automobile maker can preserve sales with much less pork up from incentives.

Potential new Tesla buyers may end up paying a bit more than they expected - or a bit less, depending upon what vehicle they're after.

Tesla shares fell as mighty as 2.1 per cent to US$248.01 sooner than the initiate of real trading Tuesday.

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