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Tesla Reduces Model X Price

Tesla Reduces Model X Price

Overnight Tesla changed the pricing on some of its models, including reducing the entry price on the Model X crossover. The move comes as Tesla claims its margins have been enhanced on the Model X, allowing it to pass along some savings to consumers.

Prior to the changes, the Model X 75D carried a starting price $82,500. As of today the same model is starting at $79,500. The $3,000 price jumps means that the Model X is now $5,000 more than a comparable Model S sedan, a price gap CEO Elon Musk originally stated he wanted between the sedan and crossover models.

Electrek reports Tesla issued the following statement regrading the price change, “When we launched Model X 75D, it had a low gross margin. As we’ve achieved efficiencies, we are able to lower the price and pass along more value to our customers.”

Model X has had a rough start with several production snags associated with its elaborate feature set. For example, the X’s Falcon Wing rear doors have caused several delays during the ramp up of production, which Tesla says is now at full speed.

The Model X wasn’t the only Tesla model impacted with price changes over night. The company also added $5,000 worth of options to the standard feature list on the high-end Model S P100D. The options were previously a $5,000 Premium Package that buyers could add to either Model S or Model X P100D.

Despite adding the additional equipment as standard fare, the base price of the Model S P100D rests at $140,000 while the Model X P100D is now $145,000.

 





 

About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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