Tesla will stop selling the lowest - range versions of its Model S sedans and Model X SUVs from Monday, the electric car maker's CEO Elon Musk said.
"Starting on Monday, Tesla will no longer be taking orders for the 75 kWh version of the Model S & X, " Musk revealed in a tweet on Wednesday, while asking people interested in buying those vehicles to place their orders latest by Sunday.
Higher - end versions of the S and X, equipped with a 100 kWh battery, will still be made and sold by Tesla, but at a higher price, CNBC reported, adding that Tesla did not respond to inquires as to why the S and X offerings were pared back.
The price for a new Model S will start at $94, 000 and the starting price for a Model X will be $97, 000 from next week, according to Musk's tweet - announcement.
The Model S and X are Tesla's second and third major lines of electric vehicles, and are higher - priced lines compared to its newest Model 3, the report said.
Tesla is taking steps to start Model 3 production in China.
Earlier this week, Musk laid the foundation of a Tesla Gigafactory in Shanghai - - the first - ever outside the US - - that is expected to produce 500, 000 electric vehicles per year and double the production capacity of Tesla
"Aiming to finish initial construction this summer, start Model 3 production end of year & reach high volume production next year, " Musk had tweeted, adding that "Shanghai Giga production of Model 3/Y will serve greater China region".
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