Reuters/Hannibal Hanschke/File Photo
Tesla Motors Inc has cut the starting price of its Model X crossover, the second time this year the electric vehicle maker has lowered prices after missing sales targets.
Tesla said on Wednesday a new version of the Model X crossover, the 60D, will be priced from $74,000, $9,000 less than the Model X 75D. Equipped with a 60kWh battery, the 60D has less torque and a shorter range between charges than the 75D.
Last month Tesla, one of the world’s best known electric vehicle makers, cut the base price of its Model S sedan to $66,000.
Earlier this month, Tesla said it missed its sales targets for the second consecutive quarter, and is on track to miss its full-year goal of 80,000-90,000 vehicles.
Tesla plans to add a new low-priced car, the Model 3 sedan, which is to start at around $35,000 and is expected to go on sale in late 2017.
Tesla shares were up slightly in premarket trading at $225.35.
(Reporting by Paul Lienert in Detroit; Editing by Jeffrey Hodgson)