Tesla, Inc. to Discontinue Cheapest Model S as Model 3 Deliveries Ramp-Up

Tesla, Inc. to Discontinue Cheapest Model S as Model 3 Deliveries Ramp-Up

Electric-car maker Tesla (NASDAQ: TSLA) has been making some changes to its Model S and Model X lineups as it ramps up production and deliveries of its cheaper Model 3. Namely, Tesla lowered prices for the base version of its Model X and for Model S and Model X vehicles equipped with Tesla's largest batteries. The changes are likely part of an effort to better position the higher-end vehicles next to Tesla's recently launched Model 3.

Now Tesla is making another change to its product lineup by discontinuing the rear-wheel-drive version of Model S. The move will make the entire Model S and Model X lineups only available in all-wheel drive, leaving the Model 3 as the sole Tesla vehicle offered in a rear-wheel drive option.

Model S. Image source: Tesla.

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Source: Fool.com