In an announcement made on Thursday, electric vehicle manufacturer Tesla Motors said that it has launched a lower-priced version of its Model S electric sedan --- Model S 60.

The new Model S 60 version is priced at $66,000, which marks a 9 percent lower price-tag as compared to the Tesla’s previous lowest-cost model. However, the Model S 60 will also be available in an all-wheel-drive configuration, with its cost beginning at $71,000.

The Model S 60 as well as its all-wheel-drive configuration will both boast Tesla’s Autopilot driver-assist hardware as a standard feature; and will also have access to the automaker’s fast-charging network without any additional charge.

According to Tesla, the new Model S 60 version is equipped with a modified, software-upgradable battery which gives the vehicle the capability to travel approximately 250 miles on a charge.

The move by Tesla to launch the Model S 60 low-cost version of Model S sedan underscores an apparent effort by the automaker to give a boost to the dwindling sales growth of its currently-available electric cars, as well as to tap into the immense excitement generated by its forthcoming affordable electric car --- Model 3.