LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Automobile News

Tesla upgrades Model S, X cars, brings backs cheaper variants

Tesla Inc, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their driving range and re-charging speed. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Tesla upgrades Model S, X cars, brings backs cheaper variants
With the upgrades, the long-range version of Model S and X can now travel 370 miles (595.5 km) and 325 miles, respectively, on the U.S. Environmental Protection Agency cycle. Image source: Official website
Written By: Reuters
Updated: Wed, Apr 24, 2019
09:34 am
Reuters
RELATED NEWS
Elon Musk reclaims position as world's richest man Elon Musk reclaims position as world's richest man
This is the success formula of Tesla and SpaceX CEO Elon Musk This is the success formula of Tesla and SpaceX CEO Elon Musk
A Tesla for a bitcoin: Elon Musk drives up cryptocurrency price with $1.5 billion purchase A Tesla for a bitcoin: Elon Musk drives up cryptocurrency price with $1.5 billion purchase
Tesla to recall 134,951 U.S. vehicles under pressure from auto safety regulators Tesla to recall 134,951 U.S. vehicles under pressure from auto safety regulators
Bitcoin, Tesla and US technology stocks were the two assets deep in the bubble territory indicated by Deutsche Bank Bitcoin, Tesla and US technology stocks were the two assets deep in the bubble territory indicated by Deutsche Bank

Tesla Inc, struggling with delay in delivery of its higher-priced Model S and X luxury cars, said on Tuesday it will bring back lower-priced options for those cars and roll out upgrades to improve their driving range and re-charging speed. The company, striving to improve margins and post a profit later this year, has laid off workers including about half of the team hired to deliver cars in the United States, and said it would close stores to lower costs.

Tesla has since said it will keep higher-volume stores open, while announcing a 3 percent price increase on some models. The upgrades include a new drivetrain design and a new adaptive suspension system, increasing each vehicle`s driving range, the company said in a blog post ahead of its first-quarter results on Wednesday.

With the upgrades, the long-range version of Model S and X can now travel 370 miles (595.5 km) and 325 miles, respectively, on the U.S. Environmental Protection Agency cycle. The lower-priced options, or the `standard range` versions, of Model X and Model S were available for purchase on Tesla`s website after Tuesday`s announcement for $83,000 and $78,000, respectively. Estimated delivery of both cars was set for May.

Watch Zee Business Live here:

Earlier in April, Tesla reported fewer-than-expected vehicle deliveries in the first quarter, with figures for the Model S sedans and Model X SUVs more-than-halving compared with the preceding quarter.

Watch this Zee Business video here:

The Silicon Valley carmaker has faced a range of challenges over the past year as one of the leaders in electric vehicle technology sought to ramp up production, deliveries and sales of the Model 3 sedan seen as crucial to its long-term profitability.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Tesla
RELATED NEWS
Elon Musk reclaims position as world's richest man Elon Musk reclaims position as world's richest man
This is the success formula of Tesla and SpaceX CEO Elon Musk This is the success formula of Tesla and SpaceX CEO Elon Musk
A Tesla for a bitcoin: Elon Musk drives up cryptocurrency price with $1.5 billion purchase A Tesla for a bitcoin: Elon Musk drives up cryptocurrency price with $1.5 billion purchase
Tesla to recall 134,951 U.S. vehicles under pressure from auto safety regulators Tesla to recall 134,951 U.S. vehicles under pressure from auto safety regulators
Bitcoin, Tesla and US technology stocks were the two assets deep in the bubble territory indicated by Deutsche Bank Bitcoin, Tesla and US technology stocks were the two assets deep in the bubble territory indicated by Deutsche Bank

LATEST NEWS

JKBOSE class 10 result declared on jkbose.ac.in: See how to check and download

Indian Pro Music League Grand Opening: Salman Khan's 'mega selfie' on world's biggest music league with Riteish Deshmukh, Genelia D'Souza, Shraddha Kapoor, others now viral on social media

Exclusive: DCI to sign 18 MoUs worth Rs 14,000 cr, CMD Rajesh Tripathi tells Anil Singhvi; validates Zee Business’ BIG BREAKING report

Yes Bank Share price: This is what Choice Broking highlights

Aly Goni: Wanted Jasmin Bhasin and me to be the top two on ''Bigg Boss 14''

Vodafone Idea: Vi brings Wi-Fi calling service in Delhi | Check full list of phones

Deepika Padukone mobbed outside eatery, video goes viral

Assembly election dates HIGHLIGHTS: Assam, West Bengal, Tamil Nadu, Kerala and Puducherry

Hot Money Tip! Get Rs 5000 monthly pension for just Rs 7 per day; Check this APY chart

RBSE exam 2021: Rajasthan Board Class 10, 12 date sheets released on rajeduboard.rajasthan.gov.in | Here is how to download

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved