Tesla (TSLA) has reduced the price of its flagship sedan, the Model S, today. The electric car now starts at just $71,990.
The Model S and Model X programs have been in decline for a while now.
Tesla delivered 15,200 units of both vehicles last quarter — down from 17,400 during the same period last year and down from 27,660 vehicles (14,470 Model S, and 13,190 Model X) back in Q3 2018.
During that time, Tesla has mainly focused on the cheaper Model 3 and Model Y vehicle programs.
Nevertheless, the automaker is still updating Model S and Model X regularly with new performance and features, most recently with a range increase to 402 miles for the Model S.
Now Tesla has also reduced the price of the Model S in an overnight update to its online design studio:
Tesla has reduced the price of both versions of the electric sedan currently available for delivery by $3,000:
- Tesla Model S Long Range Plus: went from $74,990 to now $71,990
- Tesla Model S Performance: went from $94,990 to now $91,990
The price of the