Tesla/Victor Tangermann
Nice

Elon Musk Slashes Tesla Model S Price to $69,420

byVictor Tangermann
10. 14. 20
Tesla/Victor Tangermann

Nice.

Nice

Elon Musk announced on Twitter today that the Tesla Model S “Long Range” sedan is getting a price cut to $69,420 — the weed number and the sex number combined, in Musk’s signature puerile humor.

The move is aimed squarely at Tesla competitor Lucid, which announced today that the base model of its Air luxury electric sedan will go for $69,900.

The Prophecy

The news also comes just a day after Tesla quietly cut the price of the Model S Long Range Plus and Performance variants by $3,000 each.

“The gauntlet has been thrown down!” Musk tweeted. “The prophecy will be fulfilled,” he added without elaborating.

Advertisement

Vs.

Competition for Tesla is really warming up. The base model of the Lucid Air — now effectively only $480 more expensive — has a range of 406 miles, barely edging out the Model S’ range of 402 miles. A longer range variant of the Air will have a whopping 517 miles, according to the company.

Performance of the two long range electric sedans are also in the same ballpark. The base model Air will feature a 480 horsepower power train, while the Model S Long Range Plus variant has a combined powertrain of 534 horsepower.

Tesla shareholders greeted the price cut favorably, with shares going up 3.6 percent late Wednesday afternoon, according to Reuters.

READ MORE: Tesla’s back-to-back price cuts put sticker on U.S. Model S below $70,000 [Reuters]

Advertisement

More on Tesla: Elon Tweets About New Tesla Vehicle, Then Deletes Tweet


As a Futurism reader, we invite you join the Singularity Global Community, our parent company’s forum to discuss futuristic science & technology with like-minded people from all over the world. It’s free to join, sign up now!

Share This Article

Copyright ©, Singularity Education Group All Rights Reserved. See our User Agreement, Privacy Policy and Cookie Statement. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Futurism. Fonts by Typekit and Monotype.