Tesla Model S Price Cut to $71900

Tesla Model S Price Cut to $71,900

Musk has previously said he thinks demand for the Model Y will be greater than that of the Model 3, Model S and Model Y combined - and given the leaps Tesla is taking to improve efficiency (such as by the addition of a heat pump) and reduce production costs (such as by pressing whole pieces of the vehicle structure rather than using many parts), this could prove to be true. This pricing wasn't done on a whim and a joint. Above that, the $95,000 Touring model also has the 406-mile range but includes the dual-motor layout for 620 hp, plus a glass cockpit display, an available glass roof, and additional choices for materials and finishes. But now Tesla CEO Elon Musk is hitting back. That includes a $7,500 US government electric vehicle tax credit, which Tesla vehicles are no longer entitled to.

A 4 percent cut on Tuesday brought the electric car's price tag down to $71,990, while a subsequent cut now has it selling for $69,420. You see where this is headed, right?

But Musk's Tesla reduction is actually the second of this week, having quietly cut $3,000 (£2,323) off the Model S, according to CNET.

This model is critical to Lucid's success.

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The price change may make the Model S more appealing to some buyers, as the larger sedan now comes closer in price to the top of the line Model 3 Performance.

Musk said that the Model Y's seven-seat configuration would likely be coming "probably early Q4" in June on Twitter. And at this price, the Lucid Air is still outclassed by the Tesla Model S, which for a similar price, offers the same range from a dual-motor, all-wheel-drive affair. The Model S still has the same overall shape and feel since its 2012 introduction.

During a recent interview with TechCrunch, Lucid CEO Peter Rawlinson told TechCrunch editor Darrell Etherington that the Air would be available at a price "surprisingly lower than $80,000".

Now a more "attainable" version of Lucid's battery-powered auto is available to order for delivery in 2022.

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