Tesla Motors Inc. on Wednesday cut the starting price of its Model X to 74,000 for a more limited-range version of its sport utility vehicle as the electric carmaker tries to boost sales. The new Model X 60D has a range of 200 miles, compared with 237 miles for its prior entry-level version, the 75D. Top-level versions of the Model X, which have added range and faster acceleration, can cost more than 100,000. With the 60D, customers have "the flexibility to choose the Tesla model, price point and range that best fits their lifestyle," Tesla said. The price cut follows Tesla's report this month that its second-quarter global deliveries of 14,370 -- including 4,625 Model X vehicles -- fell short of expectations.
Jul-13-2016, 17:08:28 GMT