Tesla Drops Entry Price of Model S to $69,500

By · April 17, 2017

Tesla Model S

Tesla updated the price of its Model S and X today, dropping the cost of the 75-kWh Model S by $7,500. That version of the Model S, which offers 249 miles of range on a single charge, is now Tesla’s least expensive model. It starts at $69,500.

“Periodically we have adjusted pricing and available options to best reflect the value of our products and our customers’ preferences,” Tesla said today in a press release. “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 we 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.”

The glass roof, which had been $1,500, is now standard equipment—as is the automatic rear power liftgate. (It is no longer possible to order any Tesla with an opaque metal roof.) Meanwhile, the so-called smart air suspension can no longer be added to the 75-kWh Model S.

In other price adjustments, Tesla announced that upgrading a 60kWh Model S battery to a 75kWh is now $2,000. It was previously $9,000. (The upgrade from 70 kWh to 75kWh is now $500—down from $3,500.)

Additional Tesla product changes include a new option for dark, 20-inch “Sonic Carbon” wheels on the Model X. That’s a $3,000 upgrade. Customers can also opt for a second-row center console in the six-seat configuration of the Model X, which adds two cup holders and a storage cubby under the armrest.

Price decreases for 75, 75D and 90D models take effect today, while the upcoming price increases for Tesla’s 100D and P100D models become active on April 24, 2017.

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