Tesla has debuted new Standard Range trims for its Model S and Model X vehicles, as can be seen on the company’s order configurator for each
). Both now come at sticker prices that are $10,000 cheaper than the previous entry-level models, along with reduced range ratings. As a result, you can now buy a Model S sedan starting at $78,490 or you can get a Model X SUV for $88,490, with estimated ranges of 320 miles and 269 miles, respectively.were Tesla’s first two mass-produced vehicles launched by the company, and they have gone through multiple subtle redesigns over the last decade or so.
Tesla has been lowering prices on its vehicles throughout 2023. While the price cuts have stoked demand, some investors have been concerned about the company’s profit margins falling over the last several quarters. In the second quarter, Tesla reported 9.6 percent operating margins, which were the lowest in the last five quarters. Still, the company’s price cut strategy has seen demand remaining strong, while additionally putting pressure on other automakers to follow suit.
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