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Tesla CEO Elon Musk says the automaker will reduce the price of the Model S again after Lucid Motors tried to undercut them with the base version of the Air.
Yesterday, Tesla reduced the price of the Model S by $3,000 to $71,990.
Today, Lucid announced the price and specs of the base version of the Air, its luxury electric sedan expected to compete with the Tesla Model S.
The price starts at $77,400 before incentives ($69,900 after federal tax credit) and it has a range of 406 miles — 4 more miles than the Model S.
Tesla CEO Elon Musk seems to have noticed the move since he has now announced that Tesla will lower the price of the Model S even further:
The gauntlet has been thrown down!
The prophecy will be fulfilled.
Model S price changes to $69,420 tonight!
— Elon Musk (@elonmusk) October 14, 2020
He announced that the price will change again tonight to $69,420. Yes, that’s the third richest man in the world making a joke that is mostly funny to 12-year-old boys.
Tesla buyers don’t have access to the federal tax credit for electric vehicles in the US anymore, but the price will still be lower than Lucid Air.
It will be the …
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