Tesla Inc (NASDAQ:TSLA) will stop selling the cheapest versions of its Models S next month.
Auto Express understands Tesla customers have been notified that the Model S 60 and 60D models will be discontinued on 17 April. Well, color me surprised, but the automaker had it coming since one year ago, when the 60 kWh pack was reintroduced "as a more affordable option".
The 60 and 60D cars actually use the same 75kWh battery pack as the 75 models, though the additional performance and range is locked away behind a limiter. Tesla may have seen the S 60 and 60D as an unnecessary part of the line-up, hence, the decision to completely remove them. For a $7,000 fee, Tesla would upgrade the software for a Model S 60 owner over the air to unlock the full 75-kwh capacity.
Tesla sent out a letter of notification to its owners stating that, "Most customers ended up buying an equivalent to the Model S 75kWh".
Another possible reason for the move is because of the upcoming Model 3, which Tesla is marketing as the company's most affordable electric vehicle (that will be) in production.
The Model 3 will start of at half the price of the Model S sedan but the top spec variants of the vehicle will end up costing about the same as the Model S sedan.