Tesla Model S Long Range Plus Now Starts At $69,420 In U.S.

Well, it's less expensive than the entry-level Lucid Air.

Tesla Model S price U.S. 20201015

Mark Kane

By: Mark Kane

Oct 15, 2020 at 8:13am ET

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As Tesla's Elon Musk announced, the price of the Tesla Model S Long Range Plus in the U.S. was further lowered to $69,420 (from $71,990 just two days earlier).

The prices of the Performance and Plaid versions remain the same:

Model S Long Range Plus: $69,420 (down $2,570 or 3.6%% from $71,990 and $5,570 or 7.4% from $74,990)
Model S Performance LM: $91,990 (down $3,000 or 3.2% from $94,990)
Model S Plaid (late 2021): $139,990

As for now, we don't see any additional price reduction in China and Europe, so we guess that the move is targeted at the Lucid Air.

What do you think?

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The most striking thing is that the entry-level Tesla Model S is not only $480 cheaper than the entry-level Lucid Air (aside from the destination charge), but it's done without the $7,500 federal tax credit and available now (the entry-level Air will arrive in 2022 and starts at $77,400 or $69,900 after deducting the federal tax credit).

Lucid Air Pricing Images

The competition is great as customers are getting better offers and can choose from a larger number of models. Hopefully, Lucid Air will successfully enter the market, starting with its amazing top of the line Air Dream Edition next year.