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Tesla Introduces Cheaper Model S and Model X EVs with Shorter Range

By: Marvin Chung
Updated on: February 02, 2024

Picture this: sleek, cutting-edge electric vehicles cruising down the streets, emitting zero emissions while turning heads with their futuristic charm. 

Tesla, the harbinger of the electric revolution, has once again sparked excitement in the automotive world. 

Buckle up because Tesla recently unveiled wallet-friendly versions of its acclaimed Model S sedan and Model X SUV. 

The catch? Slightly reduced driving ranges. 

But fear not, for this audacious move has ignited the road to electric mobility for a broader range of drivers. Let’s take a joyride through the details of this exhilarating transformation.

Shaking Up the EV Landscape

Tesla’s latest move isn’t just a newsflash; it’s a seismic shift rocking the electric vehicle market. 

With the new “standard range” Model S priced at $78,490 and the Model X at $88,490, Tesla has rewritten the rulebook on affordability in the EV realm. 

It’s a strategic step to make electric driving accessible to enthusiasts eyeing those supercharged rides without being electrocuted by their price tags.

Trade-Off For These Budget-Friendly Versions

Ah, the million-dollar question: what’s the trade-off for these budget-friendly versions? The answer lies in the driving range. 

The standard range Model S proudly flaunts its ability to cover up to 320 miles before needing a power nap. It might sound dandy until you compare it with the dual-motor and tri-motor Plaid versions that promise an impressive 405 and 396 miles, respectively. 

Similarly, the Model X’s range of up to 269 miles might feel like a short road trip compared to its fancier siblings that can stretch up to 348 miles.

Revealing the Engine Room

But here’s the plot twist: it’s not about a smaller battery to save a few bucks. It’s all about the software magic. 

According to Tesla representatives – the “standard range” models carry the same battery and motors as their fancier cousins. 

The only difference? Their wings have been clipped through software restrictions. So, while you might not be on the same road trip as the longer-range versions, you’re still behind the wheel of a beast with equal hardware potential. 

Here’s the twist that’s got everyone speculating: will Tesla ever decide to break the spell with future software updates? With inconsistent answers from Tesla reps, it’s a puzzle that adds an extra layer of intrigue.

Racing for the Crown

Imagine this: Tesla’s move sends ripples across the tranquil waters of the automotive market. 

Tesla’s shares saw a modest dip of 2.6%, and the competition wasn’t just watching from the sidelines. Rivian, another EV contender, dipped by 3.5%, while Lucid’s shares lost 5.6% of their shine. 

Investors are doing the math, worried about a potential price war. But this is classic Tesla – prioritizing growth over profits. It’s a playbook that has served them well, as evidenced by their resilient journey thus far.

Decoding Tesla’s Strategy

Now, let’s peel back the layers of Tesla’s strategy.

The Austin, Texas-based company isn’t playing a one-note symphony. They’re orchestrating a masterpiece. 

The price cuts aren’t random; they’re part of Tesla’s strategic dance. It’s a dance that they’ve choreographed before – slashing prices during economic challenges to attract buyers and clear inventory. 

Elon Musk, Tesla’s maestro, describes this as their “recession playbook.” 

It’s a strategy that’s as audacious as practical, showcasing their knack for navigating unpredictable market conditions.

The Road Ahead

Fasten your seatbelts because the road ahead is charged with excitement. 

With deliveries expected between September and October, these new Tesla offerings aren’t just cars; they promise a transformed driving experience. Tesla’s higher-end Model X and S saw a staggering 19% boost EV sales during the second quarter. 

However, it’s not all sunshine and rainbows in EVs. Tesla recently shared that its operating income and revenue have taken a hit due to lower average selling prices and decreased sales of pricier models. 

Comparison between Tesla Model S Vs Model X

FeatureTesla Model STesla Model X
Starting Price$78,490$88,490
Driving RangeUp to 320 milesUp to 269 miles
Battery & MotorsSame as higher-end versionsSame as higher-end versions
Performance & PowerVaries based on versionVaries based on version
Interior SpaceSedan designSUV design
Seating CapacityUp to 5 passengersUp to 7 passengers
Cargo SpaceTrunk spaceTrunk space and Falcon Wing doors
Acceleration (0-60 mph)Varies based on versionVaries based on version
Software RestrictionsLimited by softwareLimited by software
Charging OptionsCompatible with SuperchargersCompatible with Superchargers
Luxury & FeaturesPremium options availablePremium options available


Is Tesla Model X or Y cheaper?

Regarding cost, the Tesla Model Y is cheaper than the Tesla Model X. It’s the more budget-friendly option, offering a blend of affordability and electric excellence.

Is the Tesla Model X or S more expensive?

Typically, the Tesla Model X is more expensive than the Tesla Model S. Among the two, the Tesla Model X stands as the pricier choice. This SUV’s luxurious features and extra space make it a bit heftier on the wallet than the Model S.

Which Tesla model is the cheapest?

The Tesla Model 3 is the cheapest EV. If you’re looking to dip your toes into the world of Tesla, the Model 3 is the most pocket-friendly option. With its sleek design and accessible pricing, it’s a great entry point.

Is Tesla Model S better than X?

The Model S leans towards elegance and performance, while the Model X flaunts extra space and utility. Both are stellar options, so choose whether Tesla Model S is better than the X based on your driving style and needs.

Final Thoughts

In the grand scheme of things, Tesla’s decision to roll out more affordable Model S and Model X variants is a milestone in the annals of electric mobility. It’s about shattering barriers, driving change, and sparking conversations around sustainable transportation. 

While these versions may not cover the exact miles, they’ve opened the road for countless others to embrace the electric journey. The Tesla tale is far from over – an ever-evolving saga of innovation, adaptation, and revolution. 

As we charge toward a future where the roads are as green as the envy these cars inspire, remember that every electric journey begins with a single spark – and Tesla just ignited the way.


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