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The introduction of Tesla’s Model 3 Project Highland in various markets around the world has got everyone scrambling. Speculation is rife and the hype surrounding Tesla’s future plans is palpable.
However, even as a tantalizing glimpse of what the coming
months hold for us emerges, it appears that Tesla also has some exciting news
for its two flagship electric vehicles – Model S Sedan and Model X SUV.
It’s no secret that Tesla is looking to make their vehicles
more competitive in an increasingly crowded market. So, what exactly are these
updates? What do they mean for you as a consumer?
Stay tuned as we bring you this blog which will answer all your questions about the changes implemented by Tesla on their iconic vehicles - from price cuts to free paint and no standard range options!
A Quick Look at Tesla's Model S and X Price Cuts!
In the United States, Tesla has made considerable price cuts
to both its Model S and X cars. In particular, the base-level versions of each
car have seen significant reductions - ranging from 15% for the Long Range
variant of Model S right up to a reduction of nearly 19% on the same version of
model X.
First off we'll take a look at the Model S Long Range. The
entry-level Long Range now starts at $74,990 — down 15% from its previous
starting price which was $88,490. With an EPA range (fully charged) of up to
405 miles per charge, it is still one of the most competitive mid/large sedans
available today!
The next version which is the Model S Plaid starts at just
$89,990 – that's an astonishing 17% less than before ($108,490)! But don't let
this lower cost fool you; performance specs are much higher with 0-60 mph times
in optimal conditions clocking in around 1.99 seconds – making it one of
quickest mass produced passenger cars currently on sale right now!
Next comes the more expensive cousin, the Model X SUV.
Similar reductions apply here too with prices plummeting by almost 19% for its
Long Range edition—now starting out at just $79,990 compared to its previous
starting price tag of $98,490. It receives even greater benefits thanks to
being eligible for Federal tax credit under IRAC (Inflation Reduction Act)
since its cheaper than $80k.
Finally, the efficiency doesn’t stop there as the top-tier Plaid version of Model X is now priced at $89,990 — again a reduction of 17%, compared to its original price of $108,490. With a 0-60 mph time that stands at an impressive two and half seconds - much better than its predecessor- customers today can enjoy this switch from high performance to higher utility for far less cost.
Learn More: Tesla Races Ahead of Competition in Installing EV Chargers in US: Report!
No Standard Range Options for Model S and X!
Moving on from the price cuts, Tesla has recently eliminated
the Standard Range options for both its Model S and Model X vehicles (the Model
S and the Model X had a standard range of 320 miles and 269 miles
respectively).
Prior to this move, the prices of both cars hovered around
$78,490 (Model S) and $88,490 (Model X), inclusive of applicable tax credits
before further optional features were applied on top. These figures made them
highly attractive offerings in comparison to neighboring saloon-style vehicles
such as BMW's 5 series or Mercedes' E class.
It is unclear why exactly Tesla chose to remove these
entry-level versions from their respective repertoires, but there are
speculations that it could be because they were software-limited in order to
achieve their unique lower ranges — thus undermining performance potential.
At any rate, since its announcement, many owners who own Standard Range versions still have expressed concerns regarding these upgrades – namely concerning whether or not accessories like Autopilot would remain accessible without requiring them to purchase costly additional packages!
Completely Free Paint Job (Even for Premium Colors)!
Finally, Tesla has also announced officially that all paint
options for the Model S and Model X – including premium colors such as Ultra
Red — will be completely free of charge. Now, potential buyers have an
additional incentive to splurge on one of these gorgeous EVs and truly make it
their own with no extra charges attached.
With this move, Tesla is effectively incentivizing customers
to opt for more eye-catching and quality colors; inspiring them to realize
their creative vision without worrying about going beyond an already expensive
price tag.
This decision will further elevate how people perceive the
flagship status of both vehicles, allowing drivers to be proud owners and take
even more pride in their rides through unique design choices!
Ultimately, Tesla's goal remains clear: create something special through innovation while being customer centric by practically eliminating any obstacle when it comes down to creating/buying dream cars!
Learn More: How VinFast’s Nasdaq debut compares to Tesla’s IPO and what it means for the future of EVs
The Bottom Line
In summary, it's good to be a Tesla enthusiast these days.
With the price cuts on their Model S and X vehicles, car enthusiasts can reap
amazing value and tax benefits.
Furthermore, Tesla has discontinued their standard range
models while offering free premium paint options as well - sweetening the deal
even further!
With all that in mind, there's never been a better time to dive into the world of electric vehicles with Tesla leading the charge.