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Tesla launches cheaper, shorter-range Model X, Model S EVs

Tesla Inc. on Tuesday introduced cheaper, shorter-range versions of its Model S sedan and Model X SUV.

On its website, Tesla offers a “standard range” Model S starting at $78,500, or $10,000 less than the next version. The cheaper luxury sedan has an advertised range of 320 miles, compared to 405 miles for the more expensive trim.

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