Tesla Prices Model X SUV at $81,200

Tesla Motors Inc. set a price of $81,200 for its base Model X sport-utility vehicle and told customers who order it now it will be delivered in about a year.

Tesla began delivering its third production vehicle in late September and has slowly been making deliveries of vehicles that are fully optioned out and start at $132,000. Most people who reserved these early models have had reservations for several years.

Tesla's base model is called Model X 70D and it has a range of 220 miles on a charge. The longer-range version of the vehicle is called the 90D, which has a 257-mile range on a charge. Tesla says the 90D won't be delivered until the middle of 2016 and the more expensive P90D, which is faster than the others, would be delivered as soon as early in 2016.

The 90D starts at $96,700 and P90D starts at $116,700. All prices include the delivery charge.

Tesla is front loading deliveries of high-profit models as it seeks to become cash-flow positive in the first quarter of 2016. Tesla burned through more than $400 million in cash each quarter of 2015 as it invested in new production capabilities and its battery factory in Nevada.

Write to Mike Ramsey at michael.ramsey@wsj.com

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(END) Dow Jones Newswires

November 23, 2015 20:35 ET (01:35 GMT)

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