Tesla (TSLA) Launches New, Lower-Cost Model S

Tesla (NASDAQ: TSLA) released a new version of its Model S sedan, which also comes with a lower price tag.

Electrek.co pointed out changes to the Model S Design Studio this morning.

The Model S now has a 60-kWh battery option, which starts off at $66,000, before tax credits, fees, etc. The estimated EPA range for the new model is 210 miles on a single charge.

There's also a 75-kWh upgrade available for $8,500 which will bring that range up to 249 miles, meaning that the 75-kWh battery is already in there, but with limited accessibility. Also, the $8,500 price applies if the option is selected at the time of configuration. Otherwise, it will be an additional $9,000 for an aftermarket upgrade.

Shares of Tesla are indicated for a lower open Thursday.

You May Also Be Interested In

• Paper Transport: partnership with Tesla to evaluate Tesla semi long range in dedicated operations within Chicago market
• Tesla (TSLA) PT Raised to $500 at RBC Capital on 'Potential SpaceX Combination'
• Tesla (TSLA) PT Raised to $400 at Jefferies