If you're unwilling to wait for the sub-$40,000 Tesla Model 3, perhaps you can be enticed into spending three times as much on a much larger and more powerful vehicle instead.
Tesla dropped the price of its 100-kWh Model S hatchback and Model X SUV. The Model S and Model X 100D both received $3,500 price cuts, while the P100D with Ludicrous variants had their window stickers slashed by $5,000. The full pricing breakdown is below:
New Tesla 100-kWh Pricing
| Model | New price | Old price | Net change |
|---|---|---|---|
| Model S 100D | $94,000 | $97,500 | -$3,500 |
| Model S P100D w/ Ludicrous | $135,000 | $140,000 | -$5,000 |
| Model X 100D | $96,000 | $99,500 | -$3,500 |
| Model X P100D w/ Ludicrous | $140,000 | $145,000 | -$5,000 |
Sure, it's not a huge drop, with prices being reduced between 3.4 and 3.5 percent, but a lower price is a lower price, so I doubt anyone will complain.
The automaker told Teslarati that manufacturing efficiencies are behind the price drop. As gross margins rose, Tesla was able to drop the price by a bit. Other automakers have been known to lower prices as new model years arrive, but since Tesla doesn't operate on a typical model-year schedule, the price drops sort of appear from thin air.
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