Elon Musk's Tesla Motors just unveiled a more afforable model of its faclon-winged Model X SUV.
On Wednesday, the automaker announced that a new version of the Model X crossover, dubbed the 60D, would start at $74,000 — about $9,000 less than the Model X 75D and a whopping $40,000 less than the most expensive Model X.
According to Tesla, the 60D is equipped with a 60kWh battery, which offers less torque and a shorter range than the 75D.
Tesla also recently introduced a more modestly priced version of its Model S sedan — about $5,000 less starting at $67,200.
This news comes following a lackluster second quarter for the electric-vehicle maker where deliveries were 15 percent lower than projected.
Tesla is also working on broadening its customer base with the upcoming $35,000 Model 3, but delivery of the new sedan will begin no earlier than 2017.
What do you think about the stategy behind Tesla's cheaper Model X?
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