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The Tesla Model S Just Got A Bit More Affordable

The Tesla Model S Just Got A Bit More Affordable

With Tesla working towards making a environmentally friendly automobile industry a possibility, it became even more imperative to find ways to making the dollar cost of the vehicle more affordable for the market.

For the same, Tesla has dropped the price of its entry level Model S by another $5,000, bringing its 75kWh version to a price tag of $69,500. The price drop comes with Tesla’s decision to drop its 60 kWh model. Equipped with upgraded standard equipment, the 75kWh promises to be a ‘better bang for your buck’.

The upgrades, which are now part of the standard features, include an all-glass overhead roof with an automatic powered rear lift gate. As per a report by Electrek, in addition to these upgrades, Tesla has made a few tweaks on their cars, which makes certain upgrades possible only on the higher priced models, ensuring that they continue to cater to a mix of buyers at the various price points.

Let’s make one thing clear, the Model S is by no means cheap, not by a stretch. However, at this new price point, buyers will have the option to receive a vehicle that is far more advanced and loaded at the starting price.

Reaching out to Techcrunch, Tesla informed them of their plans to slightly increase prices for their top end models, ensuring that the average price of their vehicles ends up being similar to before.

Courtesy TechCrunch, we got the full list of changes we can expect:

Model S
  • 75: $69,500
  • 75D: $74,500
  • 90D: $87,500
  • 100D: $97,500 (beginning 4/24)
  • P100DL: $140,000 (beginning 4/24)

Model X

  • 75D: $82,500
  • 90D: $93,500
  • 100D: $99,500 (beginning 4/24)
  • P100DL: $145,000 (beginning 4/24)

A Tesla spokesperson also released the following official statement:

Periodically we have adjusted pricing and available options to best reflect the value of our products and our customers’ preferences. Today’s updates include slight price decreases to our 75, 75D and 90D models to account for the discontinuation of our 60 kWh models, and next week will be implementing slight price increases to our higher end 100D and P100D models. We expect our total average selling price to remain almost exactly the same. 
 
Price increases for our 100D and P100D models will take effect on April 24, 2017 to best accommodate customers already in the order process, while price decreases for 75, 75D and 90D models will take effect today. 

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Image Source: Tesla

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