Tesla has dropped the price of its cheapest model down to a hair below $70,000.
The Model S 75 is now $7,500 cheaper, bringing the new base price to $69,500. Tesla recently discontinued the Model S 60, which sold for about $1,500 less than the new 75 will sell for.
Some packaging changes come along with the adjusted pricing. The all-glass roof, formerly a $1,500 option, is now included as standard equipment along with an automatic power liftgate on all Model S sedans. Tesla’s smart air suspension system is being taken away from Model S 75 buyers, though it is still available on higher trim models, while a high amperage (72 amp) charger is now exclusively available with the 100kWh models.
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For those buyers who recently brought home a base Model S 60, Tesla is lowering the price of upgrades, trying to entice these customers to spend $2,000 to boost their cars from 60 kWh up to 75 kWh. That is made possible because all 60 kWh cars were built with range-limited 75 kWh battery packs, allowing the company to unlock the car’s full potential, for a price.
For owners of the 70 kWh Model S, an upgrade to 75 kWh can be had for $500, though only face lifted Model S 70 models were made with the larger battery pack, which means early-build models can’t be upgraded.
All of these moves are being made to accommodate the upcoming Model 3, which will offer a 75 kWh battery in its top trim according to , matching up nicely with the Model S’ new smallest battery size of 75 kWh. Pricing is also expected to meet in the middle, with a fully loaded Model 3 going for around $70,000 according to , though the base price of the car will be around $35,000.
[Source: Electrek]
