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Tesla Motors, Inc. (NASDAQ:TSLA) – Tesla Model X’s Range Increases To 371 Miles Per Charge

Tesla Inc (NASDAQ: TSLA) is improving its vehicles with software and physical updates. Rather than waiting for a new model year, Tesla often incorporates updates to the assembly line as the company sees fit.

This is being seen from a customer that just picked up their new 2021 Model X. As shared by Electrek, the owner’s Monroney sticker lists an EPA-rated range of 371 miles. On Tesla’s website, the Model X is listed at 351 miles.

This appears to be a 20-mile range increase without any changes to the battery pack.

Tesla is constantly making efficiency improvements to its vehicles, and recently received an EPA rating of over 400 miles for its Model S sedan. 

Benzinga’s Take: Adding 20 miles without any changes to the batteries would be impressive. We will have to wait for Tesla’s official announcement about the 2021 Model X range to see exactly how Tesla added

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Tesla drops prices on Model S (NASDAQ:TSLA)

As was largely anticipated, Tesla (NASDAQ:TSLA) has officially dropped the price of both versions of the Model S available for order on its website by $3K.

The Long Range Plus version of the sedan now starts at $71,990 in the U.S., and the Performance version starts at $91,990. Those marks include potential incentives and gas savings.

The price cut is the second in five months for the Model S. The earlier price cuts by the automaker also included the Model 3 and Model X.

Shares of Tesla are up 0.84% premarket to $445.77.

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Tesla’s Model 3 Lost In The World’s Most Advanced EV Market In A Peak Month (NASDAQ:TSLA)

Introduction

Norway is a small automotive market but is widely regarded as the most advanced market for electric vehicles (EVs) in the world thanks to generous government incentives. Battery electric vehicles (BEVs) and hybrids accounted for over 80% of sales in September 2020 and the national parliament has set 2025 as the target year for the country to go fully electric.

This is why electric vehicle data from Norway if often used as an indicator for the prediction which models and manufacturers will excel in a world in which electric vehicles become the norm. There is also no local player, which means the Norwegian EV market is not skewed like some other countries like France where the Renault Zoe reigns supreme.

As I mentioned in my previous SA article on Tesla (TSLA), its Model 3 always performs poorly in Europe during the first month

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Tesla cuts Model 3 prices in China in highly-anticipated move (NASDAQ:TSLA)

Tesla (NASDAQ:TSLA) has reduced the price of the Model 3 in China as expected with the new cobalt-free lithium iron phosphate battery now part of the mix.

The mass-market Model 3s will sell for 249,900 yuan ($36.8K) after government subsidies to clip about 10% from the old price.

As part of the company’s long-term plan, lower prices globally are hoped to open up new segments of Tesla buyers.

Shares of Tesla are up 2.49% premarket to $439.69 with the company’s Q3 deliveries report due out in the next few days.

Read more about Tesla’s plant to use cobalt-free batteries.

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