Chinese Premier Li Keqiang offers Elon Musk a green card

Darnell Taylor
January 13, 2019

Tesla, emerging from a tumultuous year in which it struggled to meet production targets for its Model 3 sedan, has become one of the world's most valuable automakers.

As Engadget reports, the announcement was made by Elon Musk via Twitter with no explanation given as to why the decision had been taken to stop offering the smaller battery option.

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. In the case of the Model X SUV, the base price will rise from US$72,950 to US$87,950. After all, the Model S 75D, which is priced at $76,000 before options, pretty much overlaps with the price of a fully-loaded Model 3 Performance.

Getting rid of the entry-level models will also likely simplify production as Tesla's high-end cars will now only sport the 100kWh battery packs.

In Musk's tweet, he said the company will cease taking orders for the 75-kwh Model S and Model X on Sunday night, January 13, though the company could have inventory after that point.

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According to what Engle says are Tesla's reported numbers, approximately 7,000 Model 3 vehicles are being kept in storage and without buyers.

At a ceremony at the site of the plant on the outskirts of Shanghai, Musk joined the city's mayor and other local government officials to formally begin construction of a factory.

Investors at the time appeared to be concerned about the phasing out of the federal tax credits which "subsidize" the cost of Tesla's vehicles.

If you still want a Model S or Model X 75D, both models are still available to order on Tesla's website for now, which estimates delivery timing for this month.

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