SAN FRANCISCO: Tesla Inc said on Tuesday it cut the price of its Model S “Long Range” sedan by 4% in the United States, days after the electric-car maker reported record quarterly deliveries.
The company, which is expected to report third-quarter results on Oct 21, cut the price to US$71,990 (RM298,471) from US$74,990 (RM310,909) in the United States. It also trimmed the starting price of the Model S by 3% in China.
Earlier this month, Tesla cut the starting price of its Chinese-made Model 3 sedans by about 8% to 249,900 yuan (RM153,687).
The world’s largest carmaker has been trimming prices on various models in its lineup at the same time legacy automakers are trying to make inroads in the electric vehicle market by launching their own electric cars.
Tesla said it delivered 139,300 vehicles in the third quarter, an all-time record, yet shares fell as some analysts doubted if Tesla could hit its ambitious year-end target.
Last week, the company’s chief executive officer Elon Musk told employees that Tesla has a chance to produce a half-million cars this year, according to an internal email seen by Reuters.
