It's barely been 24 hours since we reported that Tesla has cut the price of its Model S EV by $3,000 in the US, but already, CEO Elon Musk is slashing it once again, albeit for an… interesting reason.
Musk took to Twitter on Wednesday afternoon to announce that the Model S price will once again drop on Thursday. Its new MSRP is -- and I can't believe I'm actually writing this -- $69,420.
$69,420.
The gauntlet has been thrown down!
— Elon Musk (@elonmusk) October 14, 2020
The prophecy will be fulfilled.
Model S price changes to $69,420 tonight!
I mean, credit where it's due, Musk loves memes and this is definitely one of them. No matter how silly it is, though, this means a cheaper Model S for those looking to move to EVs, so it's a net benefit. The new MSRP represents a $2,570 haircut on the window sticker, bringing the weekly total for Model S price cuts to $5,570. That, too, is nice.
But that's not all. In a reply to another Twitter user, Musk said that production of the seven-seat Model Y compact crossover will commence in November, with the first round of deliveries taking place in early December. This half-Model 3, half-Model Y creation is currently only available with two rows, but it comes in both Long Range and Performance variants.
Starting production on 7 seater next month, initial deliveries early December
— Elon Musk (@elonmusk) October 14, 2020
This model, too, has seen a price cut in recent months, meaning there's plenty of space for the three-row Model Y to land. It'll likely cost a bit more for that third row of seats, but it's still well under the Model X's base price, making it a very cost-effective way to fit seven people into an electric car.
