Tesla Introduces a Cheaper Version of the Model S and Model X

By Kevin Armstrong
Tesla has introduced a 'Stanard Range' varient of the Model S and Model X
Tesla has introduced a 'Stanard Range' varient of the Model S and Model X
Not a Tesla App

Tesla has unveiled the Standard Range variants of the Model S and Model X. These original flagships symbolize the brand's essence but have historically not contributed to the bottom line like the less expensive Model 3 and Y have. This move can only be seen as responding to market demands for more cost-effective luxury electric vehicles. Tesla can cater to a broader spectrum of potential buyers and add some more Model S and X sales to the quarterly reports,

Features and Pricing: What's New?

The Model S and Model X Standard Range offer an intriguing blend of affordability and performance. The Model S Standard Range is priced at $78,490 USD, with an estimated range of 320 miles, a top speed of 149 mph, and acceleration from 0-60 mph in 3.7 seconds. The Standard Range sees the vehicle's range reduced by 80 miles and slower acceleration (slower to 60 mph by 0.6 seconds) when compared to the regular Model S.

Model S Comparison

Model S Standard Range Model S Model S Plaid
Range 320 mi 405 mi 396 mi
0 to 60 mph 3.7 sec 3.1 sec 1.99 sec
Price $78,490 $88,490 $108,490

The Model X Standard Range, priced at $88,490 USD, shares the top speed with the Model S but has a range of 269 miles and a 0-60 mph acceleration time of 4.4 seconds. Both models have Dual Motor All-Wheel Drive and default Pearl White Multi-Coat paint. Similar to the Model S, the Model X Standard Range has its range reduced by 79 miles, and its 0 to 60 mph acceleration raised to 4.4 seconds (up from 3.8 seconds).

Model X Comparsion

Model X Standard Range Model X Model X Plaid
Range 269 mi 348 mi 333 mi
0 to 60 mph 4.4 sec 3.8 sec 2.5 sec
Price $88,490 $98,490 $108,490

The anticipated delivery timeline for both new variants is September to October 2023. Tesla's potential software-locking strategy to create more affordable variants may spur sales and offer flexibility for future capacity unlocking through software updates.

The Gap in the Lineup: Analyzing the Numbers

Tesla's 2023 second-quarter numbers sharply illustrate the contrast between the original flagships and the more budget-friendly models. The Model S and X only accounted for 5% of sales:

  • Model S/X production: 19,489, deliveries 19,225
  • Model 3/Y production: 460,211, deliveries 446,915
  • Total production: 479,700, deliveries 466,140

With the Model 3 Performance priced at $53,240 and the Model S Standard Range at $78,490, the substantial price gap has long been a point of contention. The new Standard Range variants may attract customers looking for a midpoint between luxury and affordability, thus enhancing Tesla's market appeal.

Canadian buyers can enjoy savings of $13,000 CAD with the Model S and Model X priced at $108,990 CAD and $122,990 CAD.

Tesla's introduction of the Model S and Model X Standard Range variants marks a strategic milestone in its mission to expand accessibility. By offering a stepping stone between its entry-level and luxury models, Tesla is poised to attract a broader audience without compromising the performance and luxury that define the brand.

Tesla Expected to Offer FSD Transfers in Europe

By Karan Singh
Not a Tesla App

It has been a long wait for FSD for European customers, many of whom paid for the feature years ago on now legacy hardware. While the FSD transfer program has come and gone multiple times, there’s something to be said about having it available in North America, where it can be used, and in Europe or other countries, where it still just remains the same as Enhanced Autopilot (differences between Autopilot, EAP, and FSD).

FSD Transfer is a nice goodwill gesture from Tesla that in theory doesn’t cost them anything. Instead, it keeps customers, especially those who have been waiting for years, loyal and happy. It also incentivizes them to upgrade to a newer Tesla with HW4, where FSD will hopefully be achieved.

In a reply to a post on X, Elon agreed with the suggestion that offering FSD transfers in Europe would be a fair solution for those who have already purchased FSD but can’t use its capabilities.

A Fair Solution

FSD Transfer directly addresses a growing concern for many long-term European Tesla owners. Thousands of customers purchased the full package, often many years ago, with the expectation that FSD would eventually be capable and approved for use. However, the reality is that FSD, even as an advanced driver assistance system (ADAS), continues to be pushed back in Europe.

As the regulatory process continues at a snail's pace, many of these early supporters are now reaching or have already passed the point where they’re ready to upgrade to a new Tesla.

Without the transfer program, it's a difficult choice: either throw away your original investment in FSD and pay for the package a second time (FSD price history), or subscribe to it in the future.

Offering FSD transfers is a good way for Tesla to meet them halfway. It's a difficult situation, and one that’s being hindered by processes beyond the control of both the customer and Tesla. However, a transfer helps both parties. Tesla sells another vehicle, and the customer gets to keep FSD.

When Will it Be Available?

Based on how FSD transfers have worked in the past following Elon’s announcements, this feature is likely to become available for a limited time period in the coming days or weeks. If it happens, we should expect an announcement from Tesla Europe on X and emails being sent out to Tesla customers.

Once the program is in place, all you need to do is complete your vehicle purchase and then inform your Tesla sales advisor that you’d like to transfer FSD. You don’t even have to sell or trade in your old Tesla; FSD will simply be removed from it as a feature.

Hopefully, Tesla enables FSD Transfers for everyone, regardless of region. It should be an ongoing offer until at least FSD is approved in the given country or region.

Tesla Increases Robotaxi Fare Fee, Up from $4.20

By Karan Singh
Not a Tesla App

The introductory price for Tesla’s Robotaxi Network has finally been updated. In a post on X, Elon Musk confirmed that the new fare would be rolling out to complement the new Robotaxi geofence expansion.

This change marks the first adjustment to Tesla’s fares since the initial $4.20 launch price 23 days ago. While the price increase may seem significant in terms of percentages, when compared to other options in the ride-hailing area, it is still drastically cheaper.

Context Matters

Robotaxi currently operates on a simple, flat-rate model. The new $6.90 fare gets you a ride to anywhere within the recently expanded geofence.

So far, this is the opposite approach compared to other services, such as Waymo or traditional ride-sharing options like Uber and Lyft. All these services use dynamic pricing based on distance, time of day, and demand. A comparable trip on any one of these services could cost anywhere from $30 to $65, and potentially even higher during peak hours.

That doesn’t even include the tip fees for human drivers either - another win for Robotaxi (can you tip a Robotaxi?).

Even with the adjustment, the flat $6.90 fare remains less than half the price of a typical competing ride, making Robotaxi the most affordable point-to-point transportation option in Austin, aside from mass transit, for now.

A “Maturing” Service

The price change, moving from one meme-worthy number to another, is a sign that Robotaxi is finally graduating from its initial pilot phase. Following the first major expansion of the service area, this adjustment is a logical next step towards finding a more sustainable flat price.

While the new fare is a 65% increase over the old fare, the key takeaway is that it is still far cheaper than other options, and still just as meme-worthy. Tesla is aiming to have its early access riders complete as many rides as possible during these early months, and this pricing is still very reflective of that.

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