Tesla Drops Cheapest Versions of Model S, Model X

Irving Hamilton
January 12, 2019

The pair met on Wednesday at the Purple Light Pavilion at Zhongnanhai, the office complex of China's top government officials.

Why it matters: Tesla's decision to discontinue 75 kWh battery options on the Model S and Model X does put more distance between the most expensive Model 3 and the cheapest Model S and Model X which may be the company's ultimate goal. 'I really love China, I'm willing to visit here more often'.

The Tesla Inc. boss swept through the country this week, kicking off construction at a factory near Shanghai, hanging with the premier and chowing down on hotpot in Beijing.

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ESPN's Adrian Wojnarowski reported Wednesday on the talks involving the two expiring contracts, adding that a deal is not close. While he's developed into a defensive liability, he's averaging 14.4 points and 11 rebounds per game this season.

Tesla's new plant in China will eventually have an annual production capacity of 500,000 vehicles, the California-based company has said, dramatically increasing its output.

In response, Li said, "If this is what you truly have in mind, we can give you a Chinese green card".

Tesla did not respond to a request for comment. Then a "China Green Card" might be on its way, Li replied.

Recently, John Engle, President of Almington Capital, noted that as Tesla manages to fix some of its production issues, resulting in a 13 percent rise in Model 3 vehicle deliveries in the fourth quarter, the company now faces a new challenge - lack of demand. In contrast, more than 1 million people were granted permanent residency in the United States during 2017. In 2016, around 10,000 were awarded to foreign nationals. Through the rain, Shanghai's vice mayor said Musk and Tesla could make a fortune out of the muddy wasteland. The China Passenger Car Association reported that sales fell to 22.7 million units previous year, a decrease of 6 percent.

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