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Tesla stops guaranteeing its cars' resale value in North America

Los Angeles Times

Tesla Motors Inc. has ended its resale guarantee program in North America. The program, which began in 2013, guaranteed that Tesla vehicles would have a higher resale value after three years than premium sedans from manufacturers such as BMW and Mercedes. 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... 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... Tesla Chief Executive Elon Musk personally backed the program, saying he wanted to give buyers peace of mind.


Tesla slashes prices of its high-end Model S and Model X cars

Daily Mail - Science & tech

Tesla has heavily discounted two of its high-end vehicles. The electric car maker now sells long-range versions of the Model S sedan for $83,000, down from $96,000, and the Model X crossover SUV for $88,000, also down from $96,000. It comes after Tesla on Thursday released the long-awaited base version of the Model 3, which starts at $35,000. Tesla has discounted two of its high-end vehicles. Tesla has finally launched the $35,000 Model 3. In addition to slashing the long-range versions, the Model S Performance version now costs $99,000, compared to $112,000.


Tesla to deliver new Model 3 orders by year end

Daily Mail - Science & tech

Tesla Inc Chief Executive Elon Musk said on Thursday that Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, as the electric carmaker tries to take advantage of tax breaks. 'Tesla just acquired trucking capacity to ensure Model 3 can be delivered in U.S. by Dec 31 if ordered by Nov 30,' Musk tweeted. Tesla did not immediately respond to a request for more details about the acquisition. Tesla introduced a new $45,000 version of its Model 3 sedan on its website last month, launching the car as U.S. tax breaks for Tesla cars are about to decrease Tesla had earlier said that orders placed by Oct.15 will be delivered by the end of the year. The electric carmaker has until the end of the year to hand out tax credits of $7,500 to customers.


Tesla News: Electric Car Company Trims Up To $14,000 Off Model X In China After Tariff Cuts

International Business Times

BEIJING - Tesla Inc has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world's largest auto market pivots towards electric cars. The carmaker will lower prices of its Model S and Model X cars by just over 6 percent, a Beijing-based sales representative told Reuters on Wednesday. China said on Tuesday it will cut import tariffs for automobiles to 15 percent from 25 percent, a fillip for premium car brands like Tesla and BMW which import a significant number of vehicles. Tesla said on Tuesday that any of its cars sold in China would be subject to adjusted prices, even before the tariff change comes into effect on July 1. The price of a top-of-the range Model X will be cut to 1.3 million yuan ($203,830) but that remains well above the $140,000 cash price-tag before savings for the priciest version in the United States - Tesla's Model X P100D.


Tesla FINALLY launches $35,000 base version of its Model 3 sedan two years after promising the price

Daily Mail - Science & tech

Tesla has finally added a $35,000 sedan to its Model 3 line-up. CEO Elon Musk has been promising the mass market price tag since the firm first unveiled the Model 3 back in 2016, but has struggled to hit that goal in the time since. But, just last month Musk said he hoped the lowest price version would be here before the end of the year. After the CEO teased an announcement in a series of cryptic tweets earlier this week, the electric car-maker quietly added a Standard Range Model to its online shop, starting at $35,000 before savings. CEO Elon Musk has been promising the mass market price tag since the firm first unveiled the Model 3 back in 2016, but has struggled to hit that goal in the time since.