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Tesla Model S price drops to $67,200 for new 60-kwh edition

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(Read caption) A man sits behind the steering wheel of a Tesla Model S electric car on display at the Beijing International Automotive Exhibition in Beijing.

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You can now buy a Tesla Motors [NSDQ:TSLA] Model S from as low as $67,200 thanks to a new entry-level model with a 60-kilowatt-hour rating.

The car comes with rear-wheel drive (Model S 60) though for an additional $5,000 buyers can take home an all-wheel-drive version (Model S 60D).

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Until recently the Model S 70 served as the entry-level option in the Model S range. It was priced from $71,200 and came with a 70-kwh rating.

It’s been replaced by the Model S 60 but buyers looking for more range can actually upgrade the Model S 60 to a Model S 75 by paying $8,500 at the time of order or $9,000 after delivery. This highlights that the cars are fitted with the same battery as only a software update is required to adjust the rating.

At the top of the Model S range remains the Model S 90D and Model S P90D, priced from $90,700 and $110,700 respectively. Note, all figures mentioned include Tesla's $1,200 destination charge.

Despite only having a 60-kwh rating, the Model 60 still has a generous 210-mile range estimate (EPA-rated figures are yet to be calculated) and brisk 0-60 mph time of 5.5 seconds. The top speed is limited to 130 mph.

Tesla said it introduced the Model S 60 to appeal to those buyers who were keen to get into the car but couldn’t afford one at the previous pricing. Meanwhile, anyone looking at the Model X will need to pay at least $84,200 for the entry-level Model X 75D.

Readers will recall Tesla previously offered a Model S 60 when the electric sedan was originally introduced. However, due to the cost of batteries at the time the car was priced $4,000 higher than the current Model S 60.