{"id":48651,"date":"2023-08-15T11:01:34","date_gmt":"2023-08-15T15:01:34","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/tesla-launches-cheaper-model-s-and-x-vehicles-the-stock-is-down\/"},"modified":"2023-08-15T11:01:35","modified_gmt":"2023-08-15T15:01:35","slug":"tesla-launches-cheaper-model-s-and-x-vehicles-the-stock-is-down","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=48651","title":{"rendered":"Tesla Launches Cheaper Model S and X Vehicles. The Stock Is Down."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000720019\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Tesla continues to play the pricing card to build volume across its entire vehicle lineup, launching cheaper versions of its Model S and Model X electric vehicles. The new cars are less expensive, but there is another reason for the new options. <\/p>\n<p>New standard-range versions of the Model S and X are now available on Tesla\u2019s website. The standard-range S starts at $78,490 while the standard-range Model X starts at $88,490\u2014both $10,000 cheaper than their respective earlier models. They will be available for delivery between September and October.\u00a0<\/p>\n<div class=\"paywall\">\n<p>The standard-range version of the Model S has an estimated driving range of 320 miles while the Model X has a range of 269 miles. The base versions have ranges of 405 miles and 348 miles, respectively.\u00a0<\/p>\n<p>Tesla has cut prices several times in 2023, most recently on some of its Model Y trims in China. Price cuts have helped Tesla deliver a record number of cars in the first half of 2023, some 890,000 units up about 57% year over year, but the cuts have come at the expense of profit margins. Tesla reported operating-profit margins of 10.5% in the first half of 2023, down from 17% in the first half of 2022.<\/p>\n<p>This isn\u2019t really a price cut, though. They are new versions, previously not on sale.<\/p>\n<p>There are a couple of reasons to expand the product lineup with shorter-range EVs. One is because there is market demand for it, which could be a sign that Tesla drivers don\u2019t really suffer from range anxiety\u2014or the fear of running out of juice with a charger nowhere in sight.<\/p>\n<p>There is a good reason for that. Tesla owns and operates the largest network of fast chargers in the U.S. Eventually charging infrastructure gets to a point where drivers don\u2019t feel like they need bigger batteries. And fewer batteries in a car, of course, lowers the price of an EV.<\/p>\n<p>Tesla could also be offering standard-range versions because battery supply is opening up. Tesla uses lithium-iron-phosphate, or LFP, batteries in some standard-range models. Those batteries typically come from China\u2019s<br \/>\n        Contemporary Amperex Technology Co Ltd<br \/>\n       (300750.China), which is better known as CATL. <\/p>\n<p>More battery supply can mean lower prices for batteries too. Tesla didn\u2019t respond to a request for comment about new versions or battery supplies.  <\/p>\n<p>Tesla stock is down 0.7% at $238.10 in premarket trading on Tuesday.<br \/>\n        S&amp;P 500<br \/>\n       and<br \/>\n        Nasdaq Composite<br \/>\n       futures are down 0.6% and 0.7%, respectively. <\/p>\n<p>Shares have rocketed 95% this year so far.<\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/tesla-stock-price-range-cheaper-3d7a5e47?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla continues to play the pricing card to build volume across its entire vehicle lineup, launching cheaper versions of its Model S and Model X electric vehicles. The new cars are less expensive, but there is another reason for the new options. New standard-range versions of the Model S and X are now available on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-48651","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla Launches Cheaper Model S and X Vehicles. 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