Microsoft announced a new Elite Controller called the Series 2 Core. This is a more affordable option that still includes a slew of customization features.
Xbox announces affordable Elite Series 2 Core controller
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Xbox Elite Controller Series 2 Core review: Semi-pro
Microsoft Xbox Elite Wireless Controller Series 2 - Core is designed to meet the core needs of the competitive gamers, including just the components you need to unleash your best game. Enhance your aiming with the adjustable-tension thumbsticks, fire even faster with shorter hair trigger locks, and stay on target with a wrap-around rubberized grip.
Restored Microsoft 4ik00001 Xbox Elite Series 2 Core Wireless Controller, White (Refurbished)
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Xbox Elite Wireless Controller Series 2 Core Review