Hotpot with Grimes rounds out big few days for Elon Musk

13 January, 2019, 13:58 | Author: Mary Valdez
  • Investor's Corner					Tesla’s Gigafactory 3 is pushing China’s local EV makers to be more competitive

For the Model S, the 75D is priced at $76,000 while the 100D starts at $94,000.

In a recent series of tweets, Tesla CEO Elon Musk claimed that future Tesla vehicles will have the ability to fly. In the case of the Model X SUV, the base price will rise from US$72,950 to US$87,950.

Musk did not announce any plans for an upcoming price adjustment on the 100 kWh cars, or a replacement for the 75 kWh battery, although previous model eliminations have often preceded additional updates. The Model 3 Performance, which has an 80.5-kWh battery pack, starts at $63,200 and can range up to $71,700 with options, according to the Tesla configurator. Kolodny notes the discontinuation of the cheaper Model S and Model X versions could be a move to boost the sales of the Model 3, already pretty strong.

One way to protect margins: Stop selling cheaper stuff. Tesla's new plant in China will eventually have an annual production capacity of 500,000 vehicles, the California-based company has said, dramatically increasing its output. The Model 3, on the other hand, will be offered with no fewer than three batteries plus rear- and all-wheel drive.

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Of course, the irony of the Model 3's success in the luxury market is that the vehicle was meant to be Tesla's first-ever mass market automobile - a less expensive alternative to Tesla's pricier vehicles that could reach a wider market of drivers.

Besides Europe and China, Musk also indicated towards the end of previous year that Tesla would begin sales in his country of birth, South Africa, sometime in 2019.

Elon Musk tweeted that customers have until the end of the coming weekend (ending January 13) to place their order for a 75kWh Model S or Model X.

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