TESLA TO GET RID OF THE CHEAPEST MODEL S...Date: 2017-09-23
Tesla will stop making the rear-wheel-drive Model S 75 after this coming Sunday, September 24th.
The car, which starts at $69,500, is currently the cheapest Model S available, but the company will sell out the rest of the inventory around the country and then it will be gone. The dual-motor Model S75D will become the cheapest Model S at $74,500.
That also means every Model S and Model X will come with dual motors — one on each axle — and the only rear-wheel drive car Tesla will sell will be the entry-level versions of the Model 3. Tesla often toys with their car prices and has culled the cheapest tier of the Model S more than once before.
Tesla is currently in the early stages of ramping up the production of the Model 3 and, despite the heavily advertised $35,000 price tag, that car can easily wind up costing closer to $40,000 or $50,000, depending on options. (Customers with pre-orders can’t even take delivery of the $35,000 base version yet.)
The reason for Tesla taking on this decision is that the CEO, Elon Musk, is worried about the market confusion between the Model 3 and Model S. It is no shock that there is now a more noticeable distinction between Model 3 and the cheapest version of the company's flagship sedan.
So, what do you think, is Tesla doing the right thing? Let us know in the comments below.