Published On: Fri, Sep 1st, 2017

Tesla Cuts Price Of Model S And Model X On Improved Battery Packs

Tesla Model S

Tesla has slashed the price of its most expensive electric vehicles, the Model S and Model X with 100 kilowatt-hours batteries. The move comes as the company was able to improve the efficiency of the said battery pack, enabling Tesla to pass on the cost savings to customers.

According to Business Insider, the prices of the base models were cut by $ 3,500 while the performance models were now $ 5,000 cheaper than before. Tesla Model S 100D base model now costs $ 94,000 while the Model X 100D base model costs $ 96,000. The Model S P100D with Ludicrous Mode has a price tag of $ 135,000 while the Model X P100D with Ludicrous Mode costs $ 140,000. Tesla is still working on making its lithium-ion batteries more efficient and affordable, with a target of reducing their prices by 30 percent in 2020 when its Nevada Gigafactory becomes fully operational.

Click here to continue and read more…


The Inquisitr

About the Author

-

Tesla Cuts Price Of Model S And Model X On Improved Battery Packs