Electric Cars

Rich hippies rejoice: Tesla Model X now $3,000 cheaper

You can thank the slow march of time for this price drop.

Tim Stevens/Roadshow

Early adopters are always taking a risk, whether it's spending time and effort on unproven technology or being willing to pay more to access something sooner. Patience, though, has its rewards, as is the case with the Tesla Model X.

All eyes are on the Model 3 right now, but late last week, Tesla silently dropped the price of its electric SUV by $3,000, bringing the window sticker for a base Model X 75D from $82,500 to $79,500. That puts the five-seater's price just $5,000 above a comparably equipped Model S 75D.

The inexorable march of time is the reason for the price drop. Tesla told Electrek that the price is now lower because Model X production has increased its efficiency and margins are increasing. Instead of just pocketing all that extra cash, Tesla used at least some of it to lower the car's base price.

The Model X is now being produced at full clip, alongside the Model S at Tesla's facility in Fremont, California. There are also a bunch of testers and display models at Tesla stores all across the country, so buyers are able to check them out in person before committing. Both of these factors should help increase the Model X's sales figures even further.

Tesla also made its $5,000 Premium Package standard on the high-end Model S and Model X P100D trims. This package includes a heated steering wheel, a new audio system and a HEPA air filtration system with the silly "Bioweapon Defense Mode."

Tesla is constantly tweaking its lineup and pricing structure. Back in March, the company announced it would discontinue its 60-kWh vehicle trim, which was really just a 75-kWh car with a portion of its battery capacity hidden behind a paywall. Apparently many buyers just upgraded their 60-kWh cars after purchase anyhow.