Tesla’s new Model X and S standard range electric cars are cheaper—but with one big caveat

August 17, 2023

Tesla‘s new “standard range” versions of its popular Model X and Model S electric vehicles (EVs) offer consumers a lower price tag, but with one major caveat: They can’t travel as far on one charge, reports USA Today.

This week, Tesla quietly rolled out versions of the vehicles—which are $10,000 cheaper than the regular models. Electrek, a news outlet focused on electric transportation, was the first to report on the new models.

The lower price of the new models—$88,490 for the new Model X SUV, and $78,490 for the new Model S sedan—comes at the expense of the distance they can travel before needing to be recharged.

The Model X’s standard vehicle has an estimated range of 269 miles, or 79 miles less than its more expensive version. The estimated 320-mile range of the standard Model S has been reduced by 85 miles.

The regular models of both vehicles also have a slightly faster acceleration speed. 

The new options comes as the carmaker run by billionaire Elon Musk is facing more competition in the electric vehicle industry.

In late July, seven major automakers— General Motors, BMW, Honda, Hyundai, Kia, Mercedes, and Stellantisannounced intentions to join forces to build a North American electric vehicle charging network that would rival Tesla’s.

The multibillion-dollar investment would see nearly double the number of fast-charging plugs in the United States and Canada by next summer; as more and more consumers switch from gas-powered vehicles to those that run on electricity.

The move would be a direct challenge to Tesla’s long reign. The company’s network currently has the largest number of fast chargers in North America, with 2,050 stations and more than 22,000 plugs, according to the Department of Energy.

The network formed by the seven automakers would be open to all electric vehicle owners, including Teslas.

Research contact: @USATODAY