Tesla Cuts Prices on Model S and Model X, Drops Standard Range Trim
Remember mid-August when Tesla introduced what it called “standard-range” versions of its Model S sedan and Model X SUV? We put that in quotation marks because if you sell a version of a thing for years, it should, well, become the standard. These were lower-range models that had battery packs that were the same as those in the existing Models S and X for $10,000 less, but software locked buyers out of some of the pack’s capacity in an effort to lower range — down to 320 miles in the Model S and 269 in the Model X.
Well, Tesla would now like you to forget that ever happened. The lower-range cars are gone from Tesla’s website, and what remains are the preexisting Model S and Model X at lower prices.
Related: Tesla Introduces Lower-Range Versions of Model S, Model X for $10,000 Less
The base price on a Model S, which has 405 miles of range, is now listed as $76,380 (all prices include destination), down from the $79,880 initially advertised for the Standard Range variant. The Model X with its 348-mile range now starts at $81,380, down from the $89,880 of the lower-range offering. Critically, the Model X’s price before shipping now lists as $79,990, which requalifies the base trim of the falcon-doored SUV for a $7,500 federal tax credit under the Inflation Reduction Act. Presumably, Tesla is looking to boost sales in pursuit of its ambitious goal of 50% growth this year.
Additionally, Tesla has dropped the price for its so-called Full Self-Driving Capability by $3,000, to $12,000. The fourth word in that name is the important one: capability. Regulators are still far off from certifying personal vehicles to drive themselves in the U.S., so for now, buyers of the system are opting into an expensive beta-testing experiment.
The automaker also is set to debut a facelifted Model 3 at the Munich auto show in Germany, and while a date has not been announced for the start of sales, the lower sticker of the Model S may increase its appeal alongside the fresher, smaller sedan.
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