Tesla will stop selling the lowest-priced versions of its Model S sedans and Model X SUVs - equipped with a 75 kWh battery - from Monday, according to a late night tweet

Tesla will stop selling the lowest-priced versions of its Model S sedans

Technology News

  • Elon Musk wrote in a tweet late on Wednesday that Tesla will stop selling the lowest-range versions of its Model S sedans and Model X SUVs on Monday.
  • The Model S and X are Tesla’s second and third major lines of electric cars. The versions being retired have a 75 kWh battery, which promises a range of 259 miles for the Model S, and a 237-mile range for the Model X.
  • Higher-end versions of both models will still be made and sold by Tesla, and come with a higher price.

Tesla will stop selling the lowest-priced versions of its Model S sedans and Model X SUVs - equipped with a 75 kWh battery - from Monday, according to a late night tweet from Elon Musk.

While a reason wasn't given, retiring the vehicles may push prospective customers to buy Tesla's (NASDAQ:TSLA) high-end Model 3, or might help the company control costs or reallocate materials and labor to other initiatives.

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