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In an exciting move, electric vehicle giant Tesla Inc has recently unveiled two new versions of its premium Model S and Model X vehicles on its official website. This launch aims to expand Tesla's product lineup and make its high-end offerings more accessible to a wider range of customers.

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Introducing the 'Standard Range' Models

The newly introduced 'standard range' variants of the Model S and Model X come with an enticing price reduction of $10,000 compared to the long-range counterparts, offering a more budget-friendly option for potential buyers. These vehicles are designed to provide a balance between affordability and performance.

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The Model S Standard Range

One of the highlights of this launch is the Model S Standard Range, which offers impressive acceleration and a competitive range. Accelerating from 0 to 60 mph in just 3.7 seconds, the Model S Standard Range offers a range of 298-320 miles. While this acceleration time is slightly slower than the Long Range variant, which achieves the same feat in 3.1 seconds, it still provides an exhilarating driving experience. The Long Range Model S boasts a significantly higher range of 375-405 miles. The Model S Standard Range starts at an attractive price point of $78,490.

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SpecificationModel S Standard RangeModel SAcceleration 0-60 mph3.7 sec3.1 secRange298-320 miles375-405 milesPrice$78,490$88,490

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The Model X Standard Range

Alongside the Model S Standard Range, Tesla has also launched the Model X Standard Range. With an acceleration of 4.4 seconds from 0 to 60 mph, this variant offers a range of 255-269 miles. Although the Long Range Model X outpaces it in terms of acceleration, achieving 0 to 60 mph in 3.8 seconds, the Standard Range still provides a thrilling ride. The Long Range Model X boasts an extended range of 330-348 miles. The Model X Standard Range starts at a competitive price of $88,490.

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SpecificationModel X Standard RangeModel XAcceleration 0-60 mph4.4 sec3.8 secRange255-269 miles330-348 milesPrice$88,490$98,490

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Significance of the Launch

This product launch holds significant importance for Tesla's business strategy. The company recently reported delivering a total of 466,140 vehicles in the second quarter. While the more affordable Model 3 and Model Y models accounted for the majority of these deliveries, the introduction of the new Model S and Model X variants is likely to attract a broader customer base. In the second quarter, Tesla successfully delivered 19,225 Model S/X vehicles and produced 19,489 units, highlighting the continued demand for these premium offerings.

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As Tesla continues to innovate and expand its vehicle portfolio, these new 'standard range' variants of the Model S and Model X provide customers with enhanced choices, making electric luxury vehicles more accessible without compromising on performance. With their lower prices and impressive specifications, these new models are poised to make a significant impact in the electric vehicle market.