Here's Why Tesla's Model S Can Cause The Company's Downfall
Due to low demand for the 60 and 60D cars, renowned car maker maker Tesla has recently announced that it will halt the production of the entry-level 60kWh battery versions of its Model S saloon next month, as part of a bid to simplify the Model S range. By doing so, the company said that the move would also enable them to separate its more cost-effective cars with its more premium ones given the fact that the production starts to ramp up for the highly anticipated Model 3 sedan. It was found that Tesla customers and potential buyers have already been notified that the Model S 60 and 60D models will be discontinued on 17 April.
Discontinuation Of Tesla Model S
According to Road And Track, the Model S 60 mainly served as a basement-level trim for those that are too impatient to wait until the release of the more affordable Model 3. However, since the Model 3 is about to be debuted, it might be that Tesla thinks the 60 has served its purpose, and needs to make room for the highly anticipated model. In their email sent to their customers, the company said that they have initially introduced the Model S 60 kWh battery as a more affordable option to accelerate the adoption of electric vehicles, however, most customers ended up buying an equivalent to the Model S 75kWh, which led them to finally decide to remove the 60 kWh option from their lineup.
Per Cars UK, since the 60 models and 70 models are the same under the skin, with just software making the 60 models lower powered, the company reveals that there would be no savings for Tesla production but just a lower sale price. That said, if buyers would really insist on purchasing a Model S 60 or 60D, the company explains that they only have until 16 April 2017 and they could eventually upgrade it alter to a 75, though it would also mean an additional cost. Furthermore, it was found that after the said deadline, the starting price of the Model S will shoot up to the mid-$70,000s before tax credits.
Over-all, experts said that potential Tesla buyers will not be bothered by the 60's cancellation. Additionally, by discontinuing the 60-kWh battery, the Model S allegedly follows the lead of the Model X, which is said to have currently started off with the 75-kWh option. Ultimately, it was found that Model 3's range will be similar to the 60 and 60D.
Elon Musk Reveals First Images Of Tesla Model 3 Production Unit On Twitter
Elon Musk showed off the very first Tesla Model 3 unit on Twitter and Instagram.
BMW Is Set To Unveil Its Tesla Model 3 Competitor In September
Elon Musk has said that the entry-level Model 3 will cost $35,000. While a BMW Series-3 vehicle can be had for as little as $33,000. That said, if BMW’s entry-level can compete with the Model 3 on features and on specs.
Tesla Model S Leaves Showboating Porsche Cayman GT4 Spinning
A new viral video shows a Porsche Cayman GT4 spinning out of control as it was embarrassingly left behind by a Tesla Model S P90D.
Tesla Has A Treat For 400,00 Customers Who Pre-ordered The Model 3
Tesla claimed that the Model 3 car can drive 215 miles on a single charge with access to the largest supercharger network ever, which is set to double in size by the end of 2017.
Model 3 Leaked Images Shows Internet Power Struggle Of Tesla's Upcoming EV
A close-up shot of the interior gives us the first solid look at what the final steering wheel design of Tesla Model 3 may look like. And this is far from the spaceship style design Elon Musk promised on Twitter before.
MORE IN ITECHPOST
'Tokyo Ghoul' Season 3 Delayed By Its Live-Action Movie? Ken Kenaki Returns With Another Identity?
"Tokyo Ghoul" season 3's release is delayed and there are countless speculations as to why it is being pushed back. Reports claim that the show is to give way to "One Punch Man" and "My Hero Acdemia" but new rumors say that it's lack of materials and storyline as well as its live-action movie are causing the delay.
Overwatch Latest News: Blizzard Releases Doomfist Progression Update On PTR
The latest Overwatch news indicates that Blizzard has just released the Doomfist Progression update on PTR. Among other things, new cosmetics will be added to this new character.
'Dragon Ball Super' Spoilers: Android 18 Vs Frost? Krillin Disqualified, Angels Hinted To Be Villains
Latest updates and spoilers for "Dragon Ball Super" reveal that Android 18 will be going against Frost. Meanwhile, it seems like the angels are scheming something behind the Tournament of Power.