Tesla Model S and Model X base model price

Tesla has introduced a new price for its Model S and Model X SUV weeks after eliminating each vehicle's lowest-priced trim.

The Model S now starts at $ 85,000 before federal and state incentives, while the Model X starts at $ 88,000. Customers can pay an additional $ 8,000 to the Model S range from 310 miles to 335 miles and the Model X's range from 270 miles to 295 miles.

Read more: A Model 3 update, the China Gigafactory, and a new product roadmap: Here is what one analyst is looking for when Tesla reports.

The new options come weeks after Tesla discontinued what were previously the least expensive versions of the Model S and Model X, which started at $ 76,000 and $ 82,000, before federal and state incentives, and had a range of 259 miles and 237 miles, respectively. In 201[ads1]8, Tesla reduced the number of interior and exterior colors available for each vehicle.

Tesla also has the number of hours it spends producing the Model S and Model X following layoffs that affected 7% of the automaker's employees.

Tesla will announce its earnings from the fourth quarter of 2018 on Wednesday. The automaker posted a surprise profit in the third quarter, and Tesla CEO Elon Musk said in January that the automaker's initial accounting indicated that it also had a GAAP profit during the fourth quarter, though a smaller one than in the third quarter.

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