Mexican Media Brands
Tesla Trims Production Hours for High-End Models
Tesla Inc. said it has lowered the number of hours devoted to assembling its Model S sedans and Model X crossovers, citing production efficiencies and the elimination of entry-level versions of both electric vehicles.
#hybrid
Share
Tesla Inc. said it has lowered the number of hours devoted to assembling its Model S sedans and Model X crossovers, citing production efficiencies and the elimination of entry-level versions of both electric vehicles.
The company announced last week it was no longer accepting orders for the base 75-kW models. The longer-range versions of the S and X cost $94,000 and $97,000, respectively. Those prices are $18,000 and $15,000 higher than for the discontinued base models.
CEO Elon Musk says the move creates a deliberately greater price gap between the two flagship models and the company’s more affordable $44,000 Model 3 electric sedan. High-volume sales of the 3 are critical to Tesla’s financial viability.
Tesla lowered the prices of all models by $2,000 at the beginning of January to help offset the shrinking federal tax credit available to Tesla buyers. Last week Musk told employees the company also will shed about 3,200 jobs to cut costs and make it possible to offer a long-promised $35,000 version of the Model 3.
RELATED CONTENT
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.