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Tesla Tweaks Model Lineup in Bid to Simplify Pricing; Shares Slip | TheStreet

Tesla (TSLA – Get Report)  shares drifted lower in pre-market trading Tuesday after the clean-energy carmaker dropped the cheapest versions of its Model S sedan and Model X SUV from its product lineup and adjusted some of its prices in a bid to simplify its offerings of models and ranges of battery-powered vehicles.

The automaker on Tuesday said it will limit its Model X and Model S to ‘Long Range’ or ‘Performance’ – cutting out lower end versions of the two cars that have standard-range capability, though also cutting the entry level price point on both models.

A long-range Model S will now start at $79,990, while a long-range Model X will start at $84,990, excluding potential buying incentives. Tesla also lowered the starting price of its mass-market Model 3 to $38,990.

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Tesla Tweaks Model Lineup in Bid to Simplify Pricing; Shares Slip – TheStreet.

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