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Tesla’s Model S received a price chop Tuesday, with the automaker’s flagship sedan now starting at $71,900.
Since Tesla now has a couple lower priced options in the Model 3 and Model Y, the pricier Model S and Model X have seen slower sales. Deliveries of Model S and Model X were 15,200 in Q3, down from as many as 27,660 vehicles in Q3 2018.
The new $3,000 price cut will apply to both the Model S Long Range Plus and Performance. The price of the upcoming Model S Plaid remains $139,990.
The price change may make the Model S more appealing to some buyers, as the larger sedan now comes closer in price to the top of the line Model 3 Performance. It’s a timely change as Tesla makes push its final push to meet sales goals by the end of the year.