Tesla, Inc. Slashes the Price of Model S

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But with the 60 kWh variant now officially discontinued, Tesla has dropped the price of the 75 kWh Model S by $7,500, giving it a starting price of $69,500.

Elektrek, a Website that closely tracks electric vehicle development, reported on Monday that the Elon Musk-led technology darling trimmed $7500 from its 75kWh Model S price, making it Tesla's least expensive offering at $69,500, $1,500 more than its recently discontinued 60kWh version. They've also added the all glass roof (formerly $1,500) and automatic rear power liftgate as standard equipment on the Model S, so the base model has become a significantly better value with these updates.

"We expect our total average selling price to remain nearly exactly the same", Tesla said in a statement to press on Monday.

TSLA slashed the cost, allowing the Model S 60 owners to upgrade to a 75 kWh battery pack for a lower price.

The automaker also dropped the price of the Model S 90D, with a 294-mile range and a 0-60 time of 4.2 seconds, to $87,500.

The Model X 60-to-75kWh upgrade now costs only $6.5K vs. $9.5K previously. Late-model owners can purchase an over-the-air upgrade to unlock their battery's full 75-kwh capability on the Model S 60/60D or also-discontinued 70/70D. First, Tesla's lower-cost Model 3's July launch is approaching fast; its availability could cannibalize some Model S sales. Additionally, Tesla's own pricing scheme is constantly in-flux given that the company has an insatiable taste for tweaking the selection of features and performance capabilities across its Model S lineup.

All of these moves are being made to accommodate the upcoming Model 3, which will offer a 75 kWh battery in its top trim according to Electrek, matching up nicely with the Model S' new smallest battery size of 75 kWh.

These changes seem to represent a streamlining of Tesla's offerings before the release of the Model 3.

So, what do you do if you just recently ordered a 60kWh Model S?

If these new price drops entice you to order a Model S, you can use our referral code to save another $1,000 - bringing the base price of the Model S to $68,500. The Model S 100D will jump to $97,500 from $95,000, and the Model S P100D increases to $140,000 from $134,500.

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