The Model X SUV, the price has come down from $82,500 to $79,500. The prices for it has been dropped down by $3000. The company was able to achieve efficiencies in the manufacturing process, that’s why they have dropped down the Model X electric vehicles’ prices.

Tesla Model X and Model S:

In the report on the sales performance of the company, the Model X and Model S remained the key interests. The analysts assumed that upon the arrival of the Model 3 in an attractive price, the demand of the Tesla’s more expensive vehicles might go down. According to the company reports and news, on the launch of the Tesla’s splash Model S in July, the demand for both the Model S and Model X had also increased. Musk on the Tesla’s earning call this week said that predicting something of the future is very hard thing. But they are expecting to see the boosted demand on the launch of the Model 3. If the Model 3 brings the lasting and glowing results, then there is nothing better what the company could ask for.

Effect of the Price Reduction:

The reduction of Model X 75D’s price reduction should improve the demand of the vehicle further. However the results of the next quarter would be the real ones to watch out for. The gap and time of the Model 3’s big press moment will help in determining that the halo and the glow of the vehicle are long lasting or not.