Tesla just put a cheaper version of its Model X SUV on the market. Don't get too excited, though. The Model X is a luxury SUV and it still costs like one. Prices for the new Model X 60D start at $74,000.

That would be $66,500 after a $7,500 federal tax credit, which is how Tesla usually prefers to talk about its prices.

Tesla boasts on its website that it comes to just $768 a month after "estimated savings," including the much lower cost of electricity compared to gasoline.

The 60D has a 60 kilowatt hour battery for an estimated driving range, on a full charge, of 200 miles. That's compared to 237 miles for the $83,000 Model X 75D or 257 miles in the $95,500 90D.

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