American automobile major Tesla has just reduced the base price of their entry-level Model S announcing a discount of $5,000 to the  75kWh segment, which will now start at  $69,500. The downfall in price is the aftermath of discontinuing the sales of 60kWh model, whose production stopped recently after the last stock sold out.

The downfall in pricing is accompanied with upgraded standard equipment, which means your money gives you a better return overall. The updates include  all-glass overhead roof, and an automatic powered rear lift gate as a standard feature across all  Model S battery options.

Tweaks in pricing is quite normal for car makers like Tesla. Also, Tesla’s Model S is not necessarily “cheap,” however, the change in pricing options have certainly made it more affordable than ever. This is probably the best time to associate yourself with a Tesla with an entry-price vehicle, as the patience has finally paid off. Oh but wait, you can not wait forever for your favorite cars to go cheap in order to own them right? So go ahead, or keep waiting for Model 3 to arrive.

Tesla has revealed that by the end of this year, they will slightly increase the pricing in the top end of the range, in order to balance out the average sales chart.

The entire lineup of Tesla’s new range, including the hikes from 24 April are given below:

Model S

  • 75: $69,500
  • 75D: $74,500
  • 90D: $87,500
  • 100D: $97,500 (beginning 4/24)
  • P100DL: $140,000 (beginning 4/24)

Model X

  • 75D: $82,500
  • 90D: $93,500
  • 100D: $99,500 (beginning 4/24)
  • P100DL: $145,000 (beginning 4/24)

Tesla’s official statement goes like this,

Periodically we have adjusted pricing and available options to best reflect the value of our products and our customers’ preferences. Today’s updates include slight price decreases to our 75, 75D and 90D models to account for the discontinuation of our 60 kWh models, and next week will be implementing slight price increases to our higher end 100D and P100D models. We expect our total average selling price to remain almost exactly the same. 

Price increases for the 100D and P100D models will take effect on April 24, 2017 to best accommodate customers already in the order process, while the price decreases for 75, 75D and 90D models will take effect today.
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