There's both good and bad news if you're planning to buy a Tesla in the near future. The good news is, the Model X and Model S you buy will travel further between charges, but the bad news is, that's only because Tesla has dropped the Standard Range option from its line-up.

Until now, the cheapest Model S cost $75,000, while the cheapest Model X was $81,000. As Reuters reports, with the Standard Range option gone, the Long Range becomes the entry level option on both vehicles. Even with an also-announced price cut, the Model S now costs $79,990 and the Model X $84,990.

As to why this change has been implemented, Tesla explained, "To make purchasing our vehicles even simpler, we are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3 ... We are also adjusting our pricing in order to continue to improve affordability for customers."

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