Get All Access for $5/mo

Tesla Just Launched Budget Versions of Its Oldest Vehicles — Take a Look at the Differences That Will Save You 5 Figures CEO Elon Musk warned investors last month to expect further vehicle price cuts.

By Amanda Breen Edited by Jessica Thomas

Key Takeaways

  • New versions of Tesla's Model S and Model X vehicles are priced $10,000 below the originals.
  • Differences in driving range and acceleration speed set the budget options apart.

Two of Tesla's oldest vehicle models just got a budget-friendly makeover.

New versions of the Model S sedan and Model X SUV launched Monday for $10,000 less than their original counterparts, per the carmaker's site, CNBC reported.

Related: Six Lessons In Customer Experience You Can Learn From Tesla

The news comes after the company reported a 20% income jump in the second quarter last month to $2.7 billion — but billionaire CEO Elon Musk told investors that more price cuts might be necessary this quarter, per The Wall Street Journal.

The slashed price tags on the Model S and Model X fulfilled that promise — but which adjustments, exactly, can consumers purchasing their vehicles for less expect?

The new Model X Standard Range starts at $88,490 compared to the original Model X's $98,490, and the former boasts a driving range of 255 miles to 269 miles versus the latter's range of 330 miles to 348 miles and marginally faster acceleration speed.

The Model S Standard range begins at $78,490 compared to the original Model S's $88,490. The budget model features a driving range of 298 miles to 320 miles while the older version's range is 375 miles to 405 miles.

Related: Elon Musk's Illusion of Control Undermines Tesla's Future

Tesla Inc is down nearly 24% year over year.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

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

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Productivity

6 Habits That Help Successful People Maximize Their Time

There aren't enough hours in the day, but these tips will make them feel slightly more productive.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.