Following the discontinuation of the cheapest Tesla model, the Model S 60, the electric car maker has now reduced the price of the Model S 75. The new base version of the Model S will now cost $69,500 down from $74,500. This now makes the Model S 75 the most affordable car in Tesla’s line up and just $1,500 pricier than what the Model S 60 was retailing at before it was discontinued.
With the S 75, drivers get a range of 249 miles as estimated by the Environmental Protection Agency. The S 75 accelerates from 0 to 60 miles per hour in 5.5 seconds.
But even as Tesla lowered the prices, more options have been thrown into the bargain. A rear power liftgate that is automatic and a glass roof are now standard with the Model S 75. However, smart air suspension is no longer a feature of the car.
Accompanying the reduction in the car prices was a cut in the costs of battery upgrades. The cost of upgrading the 60 kWh battery to a 75kWh battery has come down to $2,000 after falling from $9,000. The 70 kWh models can also upgrade to a 75 kWh battery at a price of $500. Previously, it used to cost owners $3,500 to finance the upgrade.
Another Model S car whose price has been reduced is the S 90D. The old price was $89,500 but it now costs $87,500. This model still has a range of 294 miles and accelerates to 60 miles in a time of 4.2 seconds.
However, prices of the high end versions of the Tesla Model S will be increased. This includes the Model S 100D which will now cost $97,500 up from $95,000. The Model S P110D will now cost $140,000 up from $134,500. Tesla has maintained that the price changes will not affect the price margins.
“We expect our total average selling price to remain almost exactly the same,” a statement from Tesla said.