Tesla Launches Cheaper Model S, X Versions in US with Shorter Ranges

Reporter: Syamsul Ashar | Editor: Syamsul Azhar

KONTAN.CO.ID -  Tesla on Monday launched cheaper variants of its Model S sedan and Model X SUV with shorter driving ranges in the United States, looking to increase sales as high borrowing costs hamper demand for expensive electric vehicles.

It has already slashed the prices of its vehicles in the U.S., China, and other markets as it puts sales growth ahead of profit margins, which are still at higher levels among automakers.