Tesla abandons the cheapest variants of X and S models, and downgrades its entire range

Tesla (NASDAQ: TSLA ) Inc has eliminated the most affordable variants of the X and S models from its product line and has adjusted prices throughout its collection, in an attempt to boost sales days after it The US electric car manufacturer announces record deliveries.

To simplify its offer, Tesla limited on Tuesday the variants of its sporty all-rounder X and the sedan S to “Long Range” and “Performance”, the latter the most expensive. It also cut the price of the basic variants of the “Long Range” series.

However, the discontinuation of cheaper variants means an increase in the entrance prices to acquire these Tesla models, which now start at $ 84,990 in Model X and $ 79,990 for Model S, excluding possible incentives shopping.

Tesla also lowered the initial price of its Model 3 for the general market to $ 38,990.

Earlier this month, Tesla said global deliveries of its three models in the second quarter rose 51% from the previous quarter with a record 95,200 vehicles. Model 3 represented around 80% of the total, underlining the vehicle’s role as the axis of Tesla’s growth strategy.

The automaker said it expects production and deliveries to continue growing in the third quarter.

Anthony Rankin

I am Anthony Rankin and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions.

I am the driving force behind BPL and a professional daytrader. I will be providing technical analysis of various stocks on BPL.

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