Tesla Model X – CWEB.comThe way a business should be run. Great! Tesla Inc (TSLA.O) on Friday lowered the base price of its Model X SUV to $79,500 and said improving margins were behind the move, which came as the automaker is ramping up production of its new lower-priced Model 3.
You ain’t seen nothing yet. They’re just getting started at scaling. “Interestingly, Tesla managed to absorb those previously $5,000 worth of features while actually reducing the price of the vehicles.”
“When we launched Model X 75D, it had a low gross margin. As we’ve achieved efficiencies, we are able to lower the price and pass along more value to our customers.”
You ain’t seen nothing yet. They’re just getting started at scaling. “Interestingly, Tesla managed to absorb those previously $5,000 worth of features while actually reducing the price of the vehicles.”
“When we launched Model X 75D, it had a low gross margin. As we’ve achieved efficiencies, we are able to lower the price and pass along more value to our customers.”