Tesla drops the Model S price to $69,420 in response to Lucid revealing the $69,900 Air



Update: Article updated after Elon Musk revealed the latest Model S price.

Lucid has revealed the pricing of Air’s base variant which was unannounced at the last month’s pricing and deliveries schedule unveiling. Tesla on the other hand has slashed the price of both Model S Long Range and Performance versions by $3,000 each.

According to the Lucid website, the base Air variant is $69,900 but does not clearly mention that this includes the $7,500 Federal Tax Credit. The link to know that it includes the tax rebate is very subtle and I personally think for a normal user this can lead to confusion. The total purchase cost of the base Air variant is actually $77,400.

Let’s look at both the Tesla Model S and Lucid Air online car configurators. The difference is that Tesla provides a toggle tab that shows the actual purchase price of the car excluding the benefit and tax cuts while Lucid makes it more difficult for the customers to find the actual purchase cost.

Lucid Air car configurator screenshot highlighting the car's price, features, and availability.
Lucid Air car configurator screenshot highlighting the car’s price, features, and availability. Source: Lucid.
Tesla Model S car configurator screenshot showing the actual purchase price of the car.
Tesla Model S car configurator screenshot showing the actual purchase price of the car. Source: Tesla (TSLA).

The base Tesla Model S Long Range AWD is now $69,420 and since Tesla has sold so many electric cars, the company is no longer eligible for the Federal incentives. The Model S Performance (P100D Raven) is also now $3k cheaper with the new price tag of $91,990 USD.

Earlier in May, Tesla had slashed the Model S variants prices by a massive $5,000 cut, including yesterday’s price drops the Model S price has gone down by $10,480 for the base variant and $8k for the Performance P100D version. However, the new Plaid Model S price is unchanged which is estimated to arrive in late 2021 according to Tesla.

Lucid is showing early 2022 as the estimated time of delivery for the base Lucid Air variant while the Tesla Model S Long Range delivery times are 5-9 weeks for North America.

Another thing to notice is the Lucid Air’s range of 406 miles. This according to the automaker is the ‘projected’ EPA estimate since the car cannot be tested as of now. Tesla Model S was the first-ever electric car to hit the 400+ mile EPA estimated range this year. Lucid Air’s 406 miles sounds great but needs to go through the dyno and real-world tests to prove itself.

Tesla’s yesterday’s $5,480 price cut is not just a coincidence but a pre-emptive masterstroke to give Lucid another challenge on the cost front. It is possible that the planned price announcement of Air by Lucid had leaked somehow and Tesla dropped the price of the Model S by $3k first and then Musk announced another discount today to attain the iconic $69,420 figure.

The number 420 holds a special place in Musk’s life as the iconic tweet and SEC settlement helped him multiply his fortune by hundreds of millions of dollars till today. And 69, we need not explain it as it holds a special place in everyone’s life.

Stay tuned for the latest and interesting Tesla news, follow us on:
Google News | Flipboard | RSS (Feedly).

– Sponsored –

Latest Tesla Updates:

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

Latest News

Watch the new Tesla Model 3 Performance run a quarter-mile in under 11 seconds

https://www.youtube.com/watch?v=jc-FjWnHNtQ The first Tesla Model 3 Highland Performance version heads to the dragstrip. The crowd and the staff at the...

Tesla (TSLA) wins a multi-billion dollar Megapack deal for battery energy projects in California and Texas

Tesla Energy (TSLA) won a multi-billion dollar deal for supplying its large Megapack batteries to Intersect Power. This battery...

Tesla (TSLA) raises prices of its flagship Model S and Model X EVs in the US and Canada

Tesla, Inc. (TSLA) increased the prices of its flagship luxury sedan Model S and luxury electric SUV Model X...

Tesla Model Y RWD owners can unlock 50 miles of extra range for $1,600 via an OTA update

Tesla (TSLA) is now offering some of its Rear-Wheel Drive (RWD) Model Y owners a chance to unlock 50...
- Advertisement -

SpaceX performs a static fire test on Flight 5 Super Heavy rocket booster (videos, pics)

SpaceX conducted a static fire test on the Flight 5 Super Heavy rocket booster yesterday. This specific version of...

Watch the Flight 4 Super Heavy booster make a vertical splashdown landing in the ocean, Flight 5 landing will be caught by tower arms

It has almost been 3 weeks since Elon Musk's SpaceX launched Starship for the 4th time from its Starbase,...

Flight 4 Starship survives reentry burn and makes a successful splashdown landing

Yesterday’s Starship launch (Flight 4/IFT-4) accomplished all of its goals. The successful launch and reentry of both Super Heavy...

Tesla Tips & Tricks

Here’s how to access the Cybertruck tow hitch — watch it haul a 3,000lbs Brawley EV

Tesla Cybertruck has a rated towing capacity of 11,000...

Tesla phone app lets owners remotely melt snow off their cars (video)

Tesla cars have some super-nice climate features that other...

Tesla Quarterly Reports & Eearnings

Tesla (TSLA) stock grew more than 40% in an 11-day rally

The share price of Tesla, Inc. (NASDAQ: TSLA) closed...

Tesla (TSLA) makes a comeback with 57,146 more EVs delivered in Q2 2024 compared to Q1

Tesla (TSLA) announced the company's Q2 2024 vehicle production...
- Advertisement -

You might also likeRELATED
Recommended for You