Tesla (TSLA) Trims Price of Home Wall Charger by 33%

Along with an updated Model S, Tesla Motors (TSLA) is said to have released a lower-cost version of its wall charger on Tuesday.

Electrek.co noted that the starting price for Tesla's Wall Connector with 8.5' Cable dropped in price from $750 down to $500. The Wall Connector also includes a "power sharing" function.

The Power sharing feature allows a single circuit breaker to be connected and shared, servicing up to 4 Wall Connectors - an optimized solution for customers with multiple Tesla vehicles, according to the company's website.

Notably, the Model S update from Tuesday also increased the car's standard on-board charger by 20 percent from 40 to 48 amps.

Shares of Tesla are positive in early trading.

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