GOOD News! If You Wanted A New Tesla Model X, It Just Got CHEAPER!

SAN FRANCISCO (Reuters) - Tesla Inc on Friday lowered the base price of its Model X SUV to $79,500 and said improving margins were behind the move, which came as the automaker is ramping up production of its new lower-priced Model 3.

Some analysts have been concerned that the launch of the Model 3, whose base price is $35,000, would steer some potential buyers away from the Model X SUV to that lower-priced sedan...

..."When we launched Model X 75D, it had a low gross margin. As we've achieved efficiencies, we are able to lower the price and pass along more value to our customers," Tesla in a statement on Friday announcing it had lowered the previous $82,500 starting price of the vehicle by $3,000.

MDarringer - 8/6/2017 9:35:02 AM

+6 Boost

When people lose interest in something, you have to drop prices to keep sales going.

CANADIANCOMMENTS - 8/6/2017 11:36:43 AM

+10 Boost

The origami rear doors would be a non starter for me. I can't believe they would function properly and not leak once you get past the 3 year mark. I know of a firm that refused to build these doors for Tesla. They didn't want the headaches.

MDarringer - 8/6/2017 12:10:50 PM

+4 Boost

The problem is that to this day Tesla is having major problems with those stupid doors.

The doors are a safety hazard.

carloslassiter - 8/6/2017 4:03:47 PM

-3 Boost

I see a lot more of these around here than I do that new Lincoln. I guess everyone around here is an idiot.

Vette71 - 8/6/2017 8:20:06 PM

+3 Boost

If "around here" is Calif. especially the SF Bay area, you are probably correct. Outside of there, Tesla sightings are far less frequent. They see more Lincolns.

MDarringer - 8/6/2017 9:39:33 PM

+2 Boost

@Vette71, @Carlosasshatter is probably the leader of the gender-fluid, non-GMO-vegan socialists wanting to secede from the USA, so idiocy is mandatory and I've long thought Carlosito was the king of that tribe.

Vette71 - 8/7/2017 8:52:39 PM

+1 Boost

Carlos. Just came back from second 120 mile round trip to Boston and back in 5 days, plus spent a good part of the weekend amid a thousand or more vehicles coming from and going to Cape Cod. Saw exactly two Tesla's in among all that traffic. I've see only one Model X around here since it came out. All this in one of the top 5 wealthiest states in the country, and a center for both high tech and finance. If Tesla is extrapolating their results from a few wealthy cities on the west coast into the market opportunity across the whole USA they are kidding themselves.

SanJoseDriver - 8/11/2017 1:38:25 AM

+1 Boost

I saw many Teslas in Boston-proper, but not outside the city. They have a pretty impressive store in the city as well.