Tesla Model S Price Cut Brings Total 2020 Discounts to Nearly $10,000
Tesla has once again slashed prices for its Model S electric luxury sedan. A new Model S is now $ 4,200 less than before. An earlier price reduction reduced the price by $ 5,000 earlier this year. This means that a Tesla Model S Long Range Plus now costs $ 71,990 before applicable tax incentives, and a Model S Performance will set you back $ 91,990. The next three-engine Plaid variant – which is said to be 1,100 horsepower – is listed at $ 139,990 (this model is new and doesn’t appear to be downsized in any way, however).
Why the price changes for the Model S? Chances are, Tesla is looking to generate interest in the S, the oldest model in its current lineup. Buyers are flocking to the cheaper, smaller, and much newer Model 3 sedan and the new Model Y crossover. Because Tesla has sold so many electric vehicles, the company’s cars are no longer eligible for the federal tax credit. , so it makes sense that Tesla feels the need to lower the price of the Model S somewhat to compensate.
The big news that comes on top of the price cuts, of course, is that the Model S Long Range Plus now offers a range of 402 miles per charge estimated by the EPA. This makes Tesla the first automaker to achieve over 400 miles of range with an electric vehicle on the EPA’s test cycle. Of course, upstart competitor Lucid Motors is looking to crush that figure when its Air sedan is finally tested. We even built an Air Prototype that traveled 490 miles before the natural rescue needs (and day) ended.
For now, however, the Model S can claim premium honors. Go with the Tesla Model S Performance, and total range drops to “just” 348 miles. The upcoming Model S Plaid – an even faster, performance-optimized Tesla – is listed as having an “estimated” range of over 520 miles, but that figure has yet to be certified by the EPA. It will also hit 60 mph in under two seconds, compared to the Model S Performance’s 2.3 seconds and the Long Range Plus’s 3.7 seconds.
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