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Peloton Announces More Expensive Bike, Cheaper Treadmill; Shares Surge
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Peloton Announces More Expensive Bike, Cheaper Treadmill; Shares Surge

Peloton announced a slew of new equipment launches on Tuesday, including a lower-priced, high-tech treadmill and a more expensive bike option with a rotating screen.

The company’s new Bike+ will cost $2,495 and will be available Wednesday. The Tread, which will retail for $2,495, is coming to the U.K. on Dec. 26, the U.S. and Canada in early 2021, and Germany later next year, the company said. The original Peloton bike’s price will drop to… READ MORE @ CNBC

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