News Worms
News Worms

Tesla drops price on entry-level Model S

Tesla drops price on entry-level Model S

We expect our total average selling price to remain nearly exactly the same, the spokesperson added. So go ahead, or keep waiting for Model 3 to arrive.

Not all Tesla's vehicles are seeing price cuts, however.

While a lower starting price for Model S would drag Tesla's automotive profit margin lower, management seems to believe the upcoming price increase for flagship versions of the vehicle will offset the negative impacts of a lower-priced entry-level Model S, possibly helping Tesla maintain its heady profit margin.

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If you already own a 60- or 70-kWh version of the Model S, and want to upgrade to 75-kWh capacity via an over-the-air upgrade, that option is now less expensive, too.

The Model S 100D kicks off at $95,800, inclusive of destination fee, or $92,500 without the pre-selected, upgraded interior. Though we'll finally get to see it then, there still isn't a solid release date set, so it could be a ways off yet.

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. We expect our total average selling price to remain nearly exactly the same.

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Meanwhile, the Model S 100D's MPGe ratings stand at 101 MPGe in urban settings, 102 MPGe on highway and 102 MPGe combined total. While its discontinuation may sting, there's a bit of a silver lining - Tesla has announced that it will lower the price of upgrading 60kWh batteries to 75kWh. Not bad if you'd like to get a larger range out of your auto. The price of the 100D and P100D is going up by a few thousand dollars on April 24th to $97,500 and $140,000 respectively (Model X owners are seeing similar price hikes to $99,500 and $145,000).

You may also enjoy these Tesla stories. From here on out we're left to wait for the official reveal of the Model 3, which is coming up in just a couple of months. Head down to the comments section and let us know.

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