How far do you really need to go, anyway?
Tesla has introduced new Standard Range versions of the Model S and Model X that drop the base price of the models by $10,000.
The move comes as the automaker trimmed the prices of the Model 3 and Model Y in China by around $2,000 amid growing competition in the electric vehicle space.
The new Model S Standard Range is listed at $78,490 before delivery fees and the Model X Standard Range at $88,490. Both are equipped with all-wheel-drive systems.
Tesla hasn’t detailed the changes behind the price reduction, including battery capacity and power output.
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The Model S Standard Range is listed with 320 miles of range, down from 405 miles for the next trim up, and acceleration drops to 3.7 seconds to 60 mph from 3.1 seconds.
The Model X Standard Range now has the lowest range of any Tesla model at 269 miles per charge, compared to 348 miles for the $99,490 Model X. Its 0-60 time is 4.4 seconds, down from 3.8 seconds.
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The Model S and Model X are both still manufactured only at Tesla’s Fremont, Calif., factory, and a combined 19,225 of them were delivered in the second quarter of this year. Production of the Model 3 and Model Y reached 460,000 across the four factories around the world where they are built during the same period.