Elon Musk confirmed on Tesla Model S price Drop twice in one week

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Hey all car lovers. Want to buy a car. If you are searching and wanted a branded one. Elon Musk is all there to offer you one. Yes, The recent tweet by Tesla CEO depicts the cut-off in the price of Tesla’s new launch model.

For the second time in a week on Wednesday, Tesla CEO Elon Musk chopped the price of the company‘s leading sedan, the Model S. “In a tweet, he revealed the drop-in price, which read,” The glove has been thrown! Those who will fulfill the prophecy. The price of the Model S falls down to $69,420 tonight! Musk frequently professed his love of youthful satire by including in company-related comments the numbers “69” and “420”, citations to sexual intercourse and recreational use of cannabis.
elon musk

Confirmed price drop of Tesla

The price of the lowest Model S version, the “long-range plus,” was updated to $69,420 on Tesla‘s website on Wednesday night. The tweeted announcement followed pricing news from Lucid Motors, a start-up for electric vehicles run by Peter Rawlinson, a former Tesla executive.  Lucid revealed Wednesday morning that after a US federal tax credit of $7,500, the base or “elementary” version of its upcoming Lucid Air electric sedan would cost $77,400-or $69,900.

Lucid predicted that their sedan’s base model would offer an estimated EPA range of 406 miles per single charge.
The Tesla Model S, delivered to customers by the company since 2012, boasts an EPA-rated range of 402 miles per charge. In the United States, the purchase price for the Model S fell earlier in the week, from $74,990 to $71,990.
For potential US customers, the latest Model S price drop is 3.5 percent higher.

Tesla’s Future strategies

According to Musk‘s recent encouragement at the company’s annual shareholders meeting, Tesla is currently endeavoring to deliver between 477,750 and 514,500 electric cars worldwide in 2020. It previously targeted at least
half a million vehicles for deliveries. In the first three quarters of 2020, Tesla reported deliveries of around 318,350 vehicles.
Tesla is expected to deliver more than 180,000 vehicles in the fourth quarter to meet its initial target. In order to meet its low-end target, in the fourth quarter of a year when car sales were held back by the Covid-19 pandemic, the company would need to deliver a record of 159,400 cars. The Credit Suisse Levy forecast that the company will ‘struggle’ to reach 500,000 deliveries by 2020, but concluded:’ We would expect investors to look into the situation because the long-term growth story is intact.’

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Shivani

News writer, Content writer and a person who can express well by writing.:) Shivani is a New York-based science blogger and columnist, working in the Science Journalism industry for the last five and half years.

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