Tesla launches cheaper Model S and X standard range versions
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Tesla (NASDAQ:TSLA) launched standard variants for its Model S and X vehicles that are $10K cheaper than the regular versions, according to the company's website.
The standard range Model S and X are priced at $78,490 and $88,490, respectively, with deliveries expected between September and October.
The new variants of the Model S sedan and Model X SUV have shorter driving ranges of 320 miles and 269 miles, respectively - lower than their basic, performance and plaid versions.
Cars with a "pearly white" exterior and an all-black interior are the least expensive, when compared to other colors.
Just a day earlier, Tesla (TSLA) trimmed prices for some Model Y variants in China. Over the last year, the EV giant implemented multiple price cuts to shrink inventory and push sales higher.
Tesla (TSLA) has been facing weakening sales, with China deliveries dropping to their lowest level this year in July, while margins continue to be pressured. 
During Q2, Tesla (TSLA) delivered 19,225 of its higher-priced Model S and X vehicles, up from 16,162 during Q2 2022.
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