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Tesla is moving further into exotic car territory with the Model-S and Model-X. Elon Musk announced in a tweet on January 9th that after January 13th, the 75D versions of both vehicles would no longer be available for order and the new entry-level model will be the 100D. The starting price for Model-S 75D is $76,000. That gets you an AWD EV with 259 miles of range that can do 0-60 in 4.2 seconds. Telsa's AutoPilot is available for an additional $5,000. Moving to the 100D is an increase of $18,000 to $94,000. That increases the range to 335 miles and cuts a tenth of a second off the 0-60. The Model-X 75D starts at $82,000 with a range of 237 miles. With that gone, the new base Model-X 100D results in a $15,000 increase in Model-X base price to $97,000 with an increase of range to 295 miles. These price increases come on the back of the reduction in federal tax credits that begin this year, from $7,500 to $,3750. That brings the total effective price increases for the Model-S and Model-X to $21,750 and $18,750 respectively. After June 30th of this year, the tax credit will fall further to $1,875. The Model-S and Model-X have been selling well against such heavyweights as the Mercedes S-Class and BMW X5. However, Porsche, Jaguar, Mercedes, and Audi, as well as upstart Rivian , are all releasing competitors to the Telsas in the coming months. Whether Tesla can maintain that momentum with $20,000+ price increases remains to be seen. Hat tip to reader @balthazar for pointing us to this story. View full article
Tesla makes zero profit. Mitsu,,, actually I have no idea if they make a profit or not, but the billions it would take to develop EVs priced like EVs already here (or will be before mitsu gets off it's ass) would just accelerate mitsu's losses. And newsflash- "$35K" isn't "cheap".