Hey everybody, Rob now we're here. Welcome back to Tesla Daily. Today we are talking about a really recent update on the Model S and Model X. This just came out right before this episode.

And then we do have some updates on China. Some of those a little bit older as we did miss the Friday episode, but I want to talk about a couple of those items.

We'll keep things pretty brief because as you can probably tell already my voice is not fully with me today.

So apologize if I can't make it through, but we'll do my best and thanks for your patience on that.

All right, so looking at the stock Tesla today, not the best start to the week down 1.2% closing at $239.76.

Well, the NASDAQ was up 1% on the day today, so definitely an underperformance from Tesla and kind of a referendum here since the Q2 earnings report.

But that has kind of continued. We'll see if anything changes tomorrow as we do have a pretty significant update here to the Model S and Model X.

With Tesla introducing the standard range version for both vehicles.

So the pricing in the US is starting at $78,490 for the Model S and $88,490 for the Model X.

So both of these are $10,000 cheaper than the previous opening prices for these vehicles.

The Model S has a 320 mile range estimate, the Model X at 269 miles.

These are with the base wheels. So if you are in the design studio and you do change the wheels, obviously the range is going to decline as we see on the other trims as well.

That drops down to 298 miles for the Model S with the upgraded wheels and I think 255 for the Model X.

So obviously lower-end vehicles in terms of the acceleration top speed, those things are a little bit lower as well.

What's interesting here is that the weight for both of these vehicles is the same as the current or the prior opening price point versions.

So the plan is a little bit heavier as we can see. Weight drops down there. So 4776 pounds on the plan Model S versus the normal Model S at 4560.

That weight is maintained as we shift over to the standard range.

Unless something is wrong here and this is the same for the Model X as well, then it would appear that these would be sort of the same vehicles with only software updates, potentially limiting acceleration and range.

We've seen Tesla do this in the past. It's been a while since they have employed this strategy.

But based on these weights, that does kind of seem to be the case right now.

Obviously, this allows Tesla to move a little bit further down the price band while still hopefully having some people opt up into these higher priced versions that really want that additional range or better performance and things like that, which could help the margins be a little bit higher than just outright lowering the prices completely.

So we'll see. Tesla will probably see what the take rate is, see what the order rate is and use that to make pricing decisions going forward.

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