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Tesla’s Betting You’ll Pay $9,000 for a Software Upgrade

On Thursday, Tesla Motors re-introduced the Model S60–a cheaper version of its all-electric sedan that was discontinued last April. The new S60 starts at $66,000 and has a range of about 208 miles. For $8,500 more, customers can choose an upgraded version, called the S75, which can travel about 40 more miles per charge, according to the company’s website.

So the upgraded model has a bigger battery, right? Nope. The two versions of the car are identical and sport the same 75 kWh battery. The only difference is that the software on the...