Electric car maker Tesla has unveiled massive price cuts to its premium models, the Model S and the Model X over the weekend, following news that it would be closing down stores and only selling its groundbreaking electric cars online.
Last week was a significant week for Tesla and the electric car world as a whole: first the EV pioneer released its base Model 3 all-electric sedan priced at $US35,000 ($A49,330 at current exchange rates, plus import and on road costs) onto the US market.
Then, CEO and founder Elon Musk followed up with an announcement via social media channel Twitter that it would be cutting prices of its whole range.
Over the weekend, Tesla updated pricing over the weekend on its website, including in Australia, with the main feature being the departure of the 100D and P100D versions, and a new option of “standard range” for the flagship Model S sedan.
This is significant.
Since cutting the 75D variants of both models in January 2019, only the Long Range and Performance 100D versions have been available in Australia. This left both the Model S and Model X only available in the 100D and P100D.