Tesla lowers the cost of Model X by $ 3000
Previously, the starting price for the Model X CoroSover started at $ 82,500, now the basic configuration can be obtained for $ 79,500, writes Techcrunch. The decline was possible due to the company's good financial
performance, which was caused by an increase in production efficiency, Tesla said.
Before the release of Tesla's quarterly report, analysts were especially interested in the sales performance of the Model S and Model X. In their opinion, the launch of the Model 3 should have reduced interest in more expensive models, but in fact everything turned out differently. Along with the start of sales of the Model 3, the performance of both Model X and Model S improved.Along with the news about this, it became known that the company had reduced the starting price for its X crossover.
Elon Musk himself believes that it is difficult to predict the future, but he sees no reason for this demand to subside. Tesla's new budget model has had a beneficial effect on sales of the brand's top-end vehicles, and the price cut should reinforce this effect and increase interest. But while the real state of affairs with the demand for the Model X is difficult to assess. The launch of the Model 3 has had a really big impact. A more real-world situation will become clear in the report that wraps up next quarter.
It is important for Musk to note the fact that the price of the car is dropping due to the increase in production efficiency. Initially, he put a lot of emphasis on the fact that his electric vehicles will become more affordable due to streamlined supply chains and an efficient assembly line. This includes building his own lithium-ion battery factories, and recently even thought about connecting them with a Hyperloop line to reduce logistics costs. So it is important for Musk to show that his plan to reduce the cost is working, that it leads to a real reduction in prices for buyers.
By the way, along with the processes inside Tesla itself, new subsidies now affect its cost. In this regard, the residents of California are most fortunate. For residents of the state, the new Model 3 can cost $ 25,000 - $ 10,000 less than the starting price. The fact is that they brought the Model 3 into the support program for electric vehicles, so the owners receive a refund and tax benefits.
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