Tesla has announced an overhaul for its Model S and Model X EVs. The revamp, however, does not include any changes in the features and technology and instead, would be a change in the nomenclature of all trims and their prices.
Ahead of the change in names, both the Tesla Model S and X were named after the size of their battery packs such as 75D, 100D, and P100D. However, now the former P100D will be called “Performance” and the models that are equipped with Ludicrous mode will be called “Performance with Ludicrous Mode”. The Ludicrous mode on both the models can be availed at a premium of $20,000.
As for entry-level trims, Tesla will simply call them the Model S and Model X.
As for the base trims, Tesla will simply call them the Model S and Model X with no other designation. These cars will feature the same 100kWh battery pack as the Performance model with software-locked capacity. The base range on the Model S is rated at 498km while the Model X gets 434km of range. Tesla will unlock extra range on both the models for an additional $8,000, bumping up the range to 539km on the Model S and 474km on the Model X.
As a part of the pricing and naming overhaul, every trim of both the cars will get a price cut of $1000 which can be speculated to be in response to the company’s $7,500 federal tax credit going down. Additionally, these changes also bring the Model S and Model X in line with how Tesla has branded the Model 3.
As part of the pricing and naming overhaul, every trim of both the cars will get a price cut of $1000.
The fall in tax credit has also affected the American automaker’s sales figures eking out a small quarterly profit on Wednesday. In the same breath, the company also predicted that it would be profitable in the first quarter while acknowledging that the erosion of federal tax credit in the US would cut into sales of its vehicles. In the final quarter of 2018, the company recorded a net profit of $139.5 million compared with a $311.5 million profit in the third quarter while tax credits for EVs were in place.