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Tesla Motors has announced a new model for its electric Model S lineup, with the Model S 60 carving a sharp $100,800 (plus on-road costs) entry level price in the range.

Powered by the same electric motor fitted to the Model S 70, the Model S 60 has a software-limited 75kWh battery pack that offers a new reduced range of 400km.

The price increases by $7500 to $108,300 if buyers opt for the Model S 60D, which adds an extra motor to the front axle for all-wheel drive traction.

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Despite offering less range, the Model S 60 still manages to achieve a brisk 0-100km/h time of just 5.8 seconds and a top speed of 210km/h.

According to Tesla, if you factor in the reduced cost of owning an electric vehicle, primarily through fuel savings and a discount on the luxury car tax, the price comes in at $94,100, excluding on-road costs.

Model S 60 buyers receive the same four-year/80,000km vehicle warranty, and eight-year/unlimited km drive unit and battery warranty as other more upscale variants in the range.

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Despite the fact it only offers drivers access to 60kWh of battery power, buyers can pay Tesla — $12,800 up front or $13,500 after delivery — to upgrade its software to access 75kWh of battery capacity.

The Tesla Model S 60 is available to order from June 9, with deliveries commencing locally around October 2016.

MORE: Read Tesla Model S reviews
MORE: Read more about the Tesla Model S




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