Tesla has announced its Model X SUV will be priced from $111,900, before on-road costs.
That's a far cry from earlier speculation that the new product, with its trademark gullwing doors, could start from as high as $160,000.
The revised pricing is based on a new entry-level variant, the 60d, which undercuts the vehicle that was expected to be the base offering, the Model X 70d.
Late last year Tesla announced its 70d variant in the Model X range would be priced at US$80,000 for the American market. At the time, that equated to a lower price than the just-announced number for the 60d – indicating that currency exchange rates in November of 2015 were more favourable than they are now.
Tesla has not revealed how the 60d will be specified, and what features will be crossed off the equipment list to bring it in at that price. The importer says it will reveal full pricing information closer to launch, later in the year.
On-road prices for Model X 60d by state:
NSW: $129,255.20
Vic: $130,087.20
Qld: $125,966.20
SA: $128,402.20
WA: $131,650.84
Tas: $128,307.23
NT: $127,113.05
ACT: $123,958.20