Tesla is Offering Cheaper Versions of its Model S and Model X

Electric vehicle giant Tesla started offering lower priced versions of its Model S and Model X vehicles this week.

On Tuesday the company began offering the cheaper prices of the electric sedans and SUVS, both coming with 100 kWh battery packs.

Not too long ago Tesla announced that it would be slashing 7% of its workforce as well as cutting back on Model S and Model X production shifts in its Fremont, California plant.

Earlier this month CEO Elon Musk also said that the company would stop making versions of the Model S and X that have a lower price and a 75 kWh battery pack.

The lowest priced Model S now has a price tag of $85,000 with software limiting the range of the battery to 310 miles per full charge. The Model X price begins at $88,000 with a range of 270 miles.

Both versions have the same 0-60 mph in 4.1 seconds performance as the Extended Range versions but priced at $8,000 lower.

The lineup and prices are as follows:

Model S and Model X
(new introduction; upgradable to Extended Range after purchase via over-the-air software update)

Model S – Price: $85,000; Range: 310-miles; 0-60mph: 4.1 sec.
Model X – Price: $88,000; Range: 270-miles; 0-60mph: 4.7 sec.
Model S and X Extended Range
(formerly 100D)

Model S Extended Range – Price: $93,000; Range: 335-miles; 0-60mph: 4.1 sec.
Model X Extended Range – Price: $96,000; Range: 295-miles; 0-60mph: 4.7 sec.

Model S and X Performance
(formerly P100D; Ludicrous Mode performance upgrade available after purchase via over-the-air software update)

Model S Performance – Price: $112,000; Range: 315-miles; 0-60mph: 3.0 sec.

Model X Performance – Price: $117,000; Range: 289-miles; 0-60mph: 3.5 sec.

Model S and X Performance w/ Ludicrous Mode
(formerly P100D with Ludicrous Mode)

Model S Performance w/ Ludicrous Mode – Price: $132,000; Range: 315-miles; 0-60mph: 2.4 sec.

Model X Performance w/ Ludicrous Mode – Price: $137,000; Range: 289-miles; 0-60mph: 2.8 sec.

Disclaimer: We have no position in Tesla Inc. (NASDAQ: TSLA) and have not been compensated for this article.