Tesla, Inc. Lowers the Price for Its Model X

Tesla, Inc. Lowers the Price for Its Model X

On Friday, Tesla (NASDAQ: TSLA) lowered the price of the base version of its Model X SUV by $3,000, from $82,500 to $79,500. The price decrease puts the SUV's starting price just $5,000 above a similarly optioned Tesla Model S.

The Model X's price reduction comes as Tesla aims to increase deliveries of the SUV in the second half of the year. Furthermore, the company says it reflects improved production efficiencies.

Model X. Image source: Author.

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Source: Fool.com