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USA TODAY

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Oct 15, 2020
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Tesla's Model S just had another price cut.

The electric car company is listing its Model S sedan for $69,420, according to Tesla's website. On Tuesday, the Long Range Plus version of the model also experienced a $3,000 cut with a starting price of $71,990.

Tesla CEO, Elon Musk, announced the latest price cut on Wednesday on Twitter.

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The Tesla Model S: now $3,000 cheaper.
The price reduction comes after Lucid Motors announced Wednesday the starting price of $69,900 for their electric Lucid Air model.

Among other Tesla price cuts this year, the electric vehicle company also cut the Model X pricing by $5,000 in May, and its North American Model 3 pricing by $2,000 at the same time. In July, it cut the price of its Model Y by $3,000.

Tesla's overall deliveries hit a quarterly record in Q3 2020, at 139,300, marking a 40% increase from Q3 2019, according to The Motley Fool.
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