(Boursier.com) — You’re here added two lower-spec versions of its less popular Model S and X electric vehicles in the United States and Canada, slashing the price by $10,000 as competition intensifies, according to Bloomberg. These more affordable versions have less range and slightly slower acceleration than the base models. The Model S Standard Range sedan is priced at $78,490, while the lower-spec Model X sport utility vehicle is priced at $88,490, according to Bloomberg, which picks up data from the Texas automaker’s website. The Model S and X accounted for less than 5% of Tesla’s second quarter shipments. Unlike the Model 3 and Model Y, which are eligible for a $7,500 tax credit in the United States, the S and X receive no rebates, which reduces their appeal according to the agency. Elon Musk said in July that Tesla should continue to lower prices if interest rates continue to rise, saying he was ready to sacrifice more margin to increase production and sales, recalls Bloomberg.
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