Tesla reduces pricing for Model S and Model X with Standard Range options

author: FutureCar Staff    

Tesla has introduced more affordable versions of its Model S sedan and Model X SUV. The new Standard Range models start at $80,130 and $89,880, respectively, including a $1,390 destination fee. This represents a $10,000 price reduction compared to the previous lowest-priced versions of these models.

Although the Standard Range versions still feature a dual-motor all-wheel-drive layout, they now have a software-limited battery pack, resulting in a reduced range of 320 miles for the Model S and 269 miles for the Model X. The top speed remains at 149 mph. The acceleration from 0-60 mph is now 3.7 seconds for the Model S and 4.4 seconds for the Model X.

Tesla has not disclosed the power output or battery capacity of the new Standard Range models. However, owners may have the option to restore full battery capacity and power output through a software upgrade, which may come at an additional cost.

The Model S Standard Range with a 320-mile range comes with 19-inch wheels. Upgrading to 21-inch wheels reduces the range to 298 miles. Similarly, the Model X Standard Range with a 269-mile range can be equipped with 20-inch wheels, but upgrading to 22-inch wheels further reduces the range to 255 miles.

Customers can choose to add a steering yoke for an extra $250, and the Standard Range Model X is available in five-, six-, and seven-passenger layouts.

This is not the first time Tesla has offered models in this price range. In the past, Tesla had single-motor versions of the Model S with smaller battery packs and lower ranges. The original entry price of the Model S in 2012 was $67,400.

The price reduction is believed to be a response to rising interest rates rather than a decrease in demand for these models. In fact, sales of the Model S and Model X combined have increased by 19% in the second quarter of this year.

This move by Tesla could also be seen as a response to Lucid, a competitor that recently lowered the price of its base Air Pure to $83,900. The Air Pure has a range of 410 miles and is a direct rival to the Model X. Lucid's Gravity SUV is set to launch next year.

Tesla has been gradually reducing prices on its models, including the Model S and Model X, which received a 10% price cut earlier this year. The company also recently lowered prices on various versions of the Model Y in China, likely to compete with local electric vehicle brands in that market.

FutureCar Staff