Tesla has good news for its potential Model X customers: it recently lowered the price of a base model (X75D) Model X to $79,500 from $82,500.
Elon Musk, the company’s famous CEO and idol of all entrepreneurs worldwide, has said that improving the profit margins stands behind the decision, as the company is now actively developing the production line for the Model 3.
The latter could be more attractive to many Tesla lovers than the Model X due to its lower price, starting at $35,000. Given that the two cars appeal to different types of customers, Musk thinks there isn’t much competition between them.
However, the most expensive Model X they’re now selling tops at $145,000, with faster acceleration and longer range.
One funny thing Musk said last week is that the Model S sales have increased since Tesla started production of the Model 3, which has been built to compete with luxury sedans such as the Audi A4, BMW 3 series or Mercedes C-class.
picture (c) MotorTrend