Tesla Rolls Out Cheaper Models X, S with Less Range

Tesla has launched a cheaper Model X and Model S options with less range. The automaker revived the “standard range” trim level on its two most expensive models, which cuts $10,000 from the price and around 80 miles from the EV range.

With the latest option, the Model S is now available with a starting price of $78,490 with a 320-mile range, while the Model X now goes for $88,490 with 269 miles of range. For the Model S, that’s down from $88,490 with 405 miles of range, and for the Model X, it’s down from $98,490 and 348 miles of range.

Previously discontinued in 2021 when Tesla started only selling the extended range and high-performance Plaid kits, the new Standard Range trim weighs the same amount as the extended range option according to the Model S and Model X product pages.

What this probably means is that the vehicles sport the same battery pack, but a limited range of software lock. Tesla might allow owners to unlock additional range after the purchase for the price difference.

The latest in a series of worldwide price adjustments made by Tesla over the last 12 months is leading to a decline in gross margins.

The company cut the price of the Model Y and Model 3 several times over the past year. The higher-end Model S and Model X saw price reductions, too. This move is different because it’s the first time Tesla would cut the price and the range to offer vehicles at a lower price point.

Chancery Giwa is a creative person with an interest in graphic design, website designer, and user interface design. He is also interested in tech hence his resolve to create The Chancery Tech, which brings the latest advancements in the digital world straight to your screen.