Tesla will offer the first range options for its battery range product line.
The company will offer a “range of $1,500-$2,000” for an entry-level model, a “2,200-mile range” for a range model, and a “5,000-mile battery pack for an extended range” with a “4,000 mile battery pack.”
All of the pricing and the range will be announced at the end of this month, Tesla CEO Elon Musk said in a post on Twitter.
“This is not a cheap product, but it’s a great product,” Musk wrote.
The battery pack will also be available with an optional powertrain upgrade that adds a Tesla-designed charging port to a standard car’s battery pack.
Tesla’s battery range range announcement came at a time when the company was facing some internal challenges.
The Tesla Model S electric car is one of the most sought-after cars in the world.
Its sales were the best of any brand in the past year, but Tesla’s market share fell from more than 50 percent to around 17 percent, a loss it attributes in part to the introduction of the Model 3, a new vehicle with a smaller battery pack that will be priced at $35,000.
Musk has said Tesla could make a profit by selling a smaller, less expensive vehicle.
Tesla has also faced pressure from the National Highway Traffic Safety Administration, which has launched investigations into the automaker for safety violations.