“The gauntlet has been thrown down!” Musk wrote on Twitter. “The prophecy shall be fulfilled. Mannequin S value adjustments to $69,420 tonight!”
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This story initially appeared on Engadget
The bottom Tesla Mannequin S will now retail for $69,420, CEO Elon Musk mentioned in a tweet Tuesday, asserting that the “gauntlet has been thrown down” in response to Lucid’s announcement that its 406-mile Air sedan could be priced to compete with Tesla’s bigger sedan. It is the intercourse quantity and the weed quantity. Get it?
Apparent juvenile humorousness apart, the worth additionally remembers a number of of Musk’s prior Twitter shenanigans. In July, Tesla bought a set of “Brief Shorts” with “S3XY” (a play on the phrase horny, made up of Tesla’s mannequin names) written in gold throughout the seat. Their value? $69.420. Why the additional digit? These final three numbers referred to Musk’s 2018 tweet about taking Tesla non-public at $420 a share, which ended up in an enormous effective from the SEC and Musk being eliminated as Tesla chairman. It is humorous although, proper?
The gauntlet has been thrown down!
The prophecy shall be fulfilled.
Mannequin S value adjustments to $69,420 tonight!
— Elon Musk (@elonmusk) October 14, 2020
Whereas Musk’s announcement could appear considerably reactionary, the Mannequin S was already slated for a value minimize. Tesla mentioned Tuesday that it was dropping the bottom value of its Mannequin S “Lengthy Vary” sedan to $71,990 from $74,990 in the US. It additionally trimmed the beginning value of Mannequin S by 3% in China. Earlier this month, the carmaker minimize the beginning value of its Chinese language-made Mannequin 3 sedans by about 8% to 249,900 yuan ($36,805).
The $71,990 checklist value was nonetheless dwell on Tesla’s shopper web site as of Wednesday afternoon; $69,420 could be a 7.4% minimize in base value from the earlier $74,990, which is nice for brand spanking new clients — however not so nice for Mannequin S resale worth.