Tesla has made plenty of headway when it comes to the travel industry -- first with their range of electric vehicles, before continuing with space tourism. It seems that the electric car segment is getting more and more competitive, and Tesla has announced at the end of last week that its Model S sedan model? That is going to be axed, at least for the cheapest available options. This is seen by many as a business strategy, taking into consideration how the impending Model 3 is about to be launched and sold to the masses.
In other words, if you are still on the lookout for a Tesla Model S 60 and Model S 60D, with the latter featuring a 60 kWh battery, will be able to place an order from now until April 16, as that is when it comes to an end. These two are the most affordable Tesla models in the market at the moment, with a starting price of $68,000 prior to the inclusion of destination and document fees for the Model S 60. As for the Model S 60D, that all-wheel drive model with a wee bit longer battery range will have a $73,000 price tag attached to it.
The Tesla Model 3 will most probably begin to go on sale starting from this July onwards, where limited production ought to see very small figures of it in showrooms everywhere in due time. This all-electric sedan is going to make electric vehicle ownership a whole lot more affordable to the masses -- with a starting price point of approximately $35,000 -- close to nearly half of what the Model S 60 would have cost outright.
In fact, Tesla does seem to be running short on funds at the moment, having raised $250 million just last week in common shares, as well as $850 million in convertible notes that ought to help fund the Model 3 launch. We still do not have the figures for the top speed of the Model 3, although it should be able to hit 215 miles if one were to be optimistic. Needless to say, the Tesla Model 3 will have the shortest range among all of its other brethren, such as the Model X and other Model S types. After all, it comes with the pricing territory since other Tesla makes are easily double or triple the price of the Model 3.
Do you think that the Tesla Model 3 is going to be a winner when it is released? Perhaps, taking into consideration it would be even more affordable than ever before. Again, if Tesla’s range of electric cars do not take off as intended in other markets, that might cause some cash flow problems for the company. The Model S 60 and 60D models were originally introduced to be “a more affordable option to accelerate the adoption of electric vehicles,” and it seems as though the Tesla Model 3 is going to take over this mantle right now.