7/16/2019

Tesla Prices Drop for Model 3, Rise for Other Models

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Tesla Inc. says it is standardizing its model lineup worldwide by reducing the number of range options for its electric vehicles.

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Tesla Inc. says it is standardizing its model lineup worldwide by reducing the number of range options for its electric vehicles.

The latest changes cap multiple price cuts and increases this year that reflect actual price reductions and the effect of adding or subtracting “standard” models with limited features and relatively short range. 

The starting price for Tesla’s mass-market Model 3 sedan (pictured below, center) is now $38,990, down $900. (The company briefly offered a no-frills version of the car in March at $35,000, a base price it had promised four years ago.)

Tesla also has eliminated the standard-range versions of its high-end models that had been introduced in May. As a result, the Model S (above, left) now starts at $79,990, up $8,700). The base price for the Model X (above, right) is now $84,990, up $13,000.