Tesla Drops Standard Range Option for Model S and Model X, Raising Base Prices The cheapest option is now Long Range, which received a price drop, but still ends up costing more than the Standard Range models did by a few thousand dollars.

By Matthew Humphries

This story originally appeared on PCMag

via PC Mag

There's both good and bad news if you're planning to buy a Tesla in the near future. The good news is, the Model X and Model S you buy will travel further between charges, but the bad news is, that's only because Tesla has dropped the Standard Range option from its line-up.

Until now, the cheapest Model S cost $75,000, while the cheapest Model X was $81,000. As Reuters reports, with the Standard Range option gone, the Long Range becomes the entry level option on both vehicles. Even with an also-announced price cut, the Model S now costs $79,990 and the Model X $84,990.

As to why this change has been implemented, Tesla explained, "To make purchasing our vehicles even simpler, we are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3 ... We are also adjusting our pricing in order to continue to improve affordability for customers."

The price adjustments extend to the Model 3, which now costs $38,990.

You may remember back in March the Standard Range Model S quietly disappeared from Tesla's website. It seems today's news is just confirmation that the Standard Range option is definitely gone, and gone forever.

With the changes in place, the Model S is now available in just two configurations: Long Range and Performance. Long Range gets you a car with a 370 mile range, 155mph top speed, and 0-60 time of 3.7 seconds. The Performance option drops the range to 345 miles, but increases the top speed to 163mph and the 0-60 time falls to just 2.4 seconds. It does cost $99,990, though.

The same is true for the Model X, with its Long Range model offering a 325 mile range, 155mph top speed, and 4.4 second 0-60 time. The Performance option drops the range to 305 miles, ups the top speed to 163mph, and the 0-60 time falls to just 2.7 seconds. It costs $104,990.

Matthew Humphries

Senior Editor

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Here Are the 10 Highest-Paying Jobs with the Lowest Risk of Being Replaced By AI: 'Safest Jobs Right Now'

A new report from career resources platform Resume Genius finds the top 10 AI-proof careers expected to see the most growth within the next decade.

Science & Technology

How AI Can Free Up Your Time For Less Busywork and More Innovation

If there's one trait every founder needs, it's a willingness to experiment. Today, experimentation is easier and more accessible than ever thanks to AI.

Science & Technology

How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)

Scale faster, work less and grow a 7-figure business — no team needed.

Making a Change

Learn Up to 56 Languages for Just $35

Get lifetime access to the platform that turns language learning into a game.

Health & Wellness

How Mastering Your Nervous System Boosts Leadership Presence and Performance

Discover a modern leadership system designed to boost your effectiveness, reduce stress and bring more clarity and joy to how you lead.