20 Mar '17, 1pm

Tesla Drops Cheapest Model S to Pave the Way for Model 3

Buyers have until April 16 to order Tesla’s Model S 60, after which its cheapest model will be the S 75 and the barrier to entry after-tax-credit will rise from $71,300 to $77,800. Tesla’s move came shortly after Lucid Motors announced initial pricing for its Air sedan, which is scheduled for initial deliveries in early 2019. Using the same net pricing after the $7,500 federal credit, the Air will start at $52,500. SEE ALSO: How Many Tesla Model 3 Buyers Will Be Eligible For $7,500 Federal Tax Credits? Tesla also recently tapped the capital markets for an additional $1.2 billion to help launch its intended volume leader, the Model 3, which is planned to start production in July. With a starting price of around $35,000 plus undisclosed destination fee, a fully-optioned Model 3 will very likely approach the lower-end of the Model S’s range. By removing the lowest-priced Mode...

Full article: http://www.hybridcars.com/tesla-drops-cheapest-model-s-to...

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