Tesla Drops Lowest-Price Model S

Tesla Inc (NASDAQ:TSLA) will stop selling the cheapest versions of its Models S next month.

Tesla offered the 60 and 60D versions of its Model S in June 2016 with the only significant change being its battery's 60kWh storage capacity, meaning shorter drives and more frequent charges.

At $118,600 the Model S 75 is almost $10,000 more expensive, which is true also of the Model S 75D - at $126,200. The company says that most customers chose to buy the additional upgrade that unlocks the full 75 kWh. Well, color me surprised, but the automaker had it coming since one year ago, when the 60 kWh pack was reintroduced "as a more affordable option".

The models can be ordered until April 16, according to the email announcement, after which the cheapest Model S version will be the 75 with rear-wheel drive and a 75-kwh battery at $75,700 to start (all prices include destination).

Tesla has announced an end to sales of the Model S 60 and 60D variants. Any 60 kWh Model S will have the ability to upgrade their battery to 75 kWh via an over the air update. "To simplify the ordering process for our customers, we will be removing the 60 kWh option from our lineup", as revealed by The Verge. This decision comes as TSLA prepares to launch its next electric vehicle, the Model 3.

  • Arturo Norris