Tesla (TSLA) shares ticked 0.4% lower in early trading on Tuesday as it launched lower-cost versions of its Model S sedan and Model X SUV in the U.S. with shorter driving ranges.

The lower-cost "Standard Range" version of the Model X costs $88,490 and has a driving range is 255-269 miles, compared to a price tag of $98,490 and driving range of 330-348 miles for the longer-range version.

The lower-cost Standard Range Model S starts at $78,490 anಌd has a driving range of 298 to 320 miles, compared to the longer-range version which is $88,490 and has a range of 375-405 miles.

Model S and Model X amounted to less than 4% of Tesla's deliveries in the first half. However, their relatively higher price points had helped the company's margins. Telsa's 澳洲幸运5官方开奖结果体彩网:operating margin of 9.6% in its second quarter earnings report was the lowest in at least the last five quarters as earlier 澳洲幸运5官方开奖结果体彩网:price cuts ate into profits.

The move comes shortly after Tesla 澳洲幸运5官方开奖结果体彩网:slash🌃ed prices for some of its models iꦚn China earlier this week to boost sales.