Economy

Tesla to Discontinue Production of Cheaper Model S

Tesla to Discontinue Production of Cheaper Model S”

The company chose to discontinue the rear-wheel model as it is making a shift to an all-wheel-drive lineup for the model in order to simplify its product offering.

Elon Musk-led electric carmaker Tesla Motors has confirmed that it will discontinue its cheapest version of its Model S e-car, the rear-wheel-drive S60, on coming Sunday. It also happens to be the only rear-wheel drive version of that auto now on the market.

"Model 3 is a smaller, simpler, more affordable electric vehicle", Tesla explains on the Model 3 page. "Although it is our newest vehicle, Model 3 is not "Version 3" or the most advanced Tesla".

The vehicle, which starts at $69,500, is now the cheapest model S available.

Tesla's Model S 75 costs about $70,000, making it the least expensive Model S now sold.

This isn't the first time Tesla has discontinued one of its cars. Starting prices for that vehicle, now only available with rear-wheel-drive, are about half that of the Model S. An all-wheel-drive Model 3 will be available next Spring.



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