Tesla has announced a $2,000 price cut for the base version for every one of its vehicles.
With this change, the mid-range, rear-wheel drive Model 3 will start at $44,000, while the rear-wheel drive Model S 75 will start at $76,000. Finally, the Model X 75D will start at $82,000.
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Tesla made this change to compensate for the government ending its electric vehicle tax credits. Tesla has now sold 200,000 vehicles, which means the government has begun to phase out its $7,500 tax refund program. The automaker will still offer an incentive to customers, however it has been reduced from $7,500 to $3,750. After July 1 of this year, it will be reduced further to $1,875 and by the start of 2020, the program will be over.
“Customers can apply to receive the $3,750 federal tax credit for new deliveries starting on January 1, 2019, and may also be eligible for several state and local electric vehicle and utility incentives, which range up to $4,000,” the automaker said in a prepared statement.
Tesla also announced its sales results for Q4 2018 and for the full year.Tesla’s Q4 deliveries stood at 90,700 vehicles, with the Model 3 accounting for 63,150 units. The Model S accounted for 13,500 units and the Model X 14,050 units.
The automaker said it delivered a total of 245,240 vehicles in all of 2018, with the Model 3 accounting for the most at 145,846 units. Tesla said it sold ” 99,394 Model S and X,” but it’s unclear if it means it sold the exact the same amount of each model.
“There remain significant opportunities to continue to grow Model 3 sales by expanding to international markets, introducing lower-priced variants and offering leasing. International deliveries in Europe and China will start in February 2019,” Tesla said. “Expansion of Model 3 sales to other markets, including with a right-hand drive variant, will occur later in 2019.”