Elon Musk cuts the price of the Model S twice for...

Elon Musk cuts the price of the Model S twice for...
Elon Musk cuts the price of the Model S twice for...

By lowering the price of the Model S, Tesla aims to match the price with the 2022 Lucid Air, which was confirmed to start at $ 69,900 earlier this week. Musk apparently noticed what Lucid was doing and decided to respond immediately for fear of tough competition.

Certainly, the upcoming Lucidire car is the most prominent competitor to the famous Tesla car, especially after its specifications were fully announced, and its ability to travel a long distance in a single charge, which has long distinguished Tesla cars from other competitors thanks to its experience and technology.

And Tesla revealed that it managed to deliver 139,300 cars during the last quarter, breaking the previous record for delivery of 112,000 cars, which was slightly better than Wall Street’s forecast of 137,000 cars for this quarter, as the company said, it produced a total of 145, 036 cars during the same period.

Also, according to “the verge”, this was the third consecutive quarter of better-than-expected delivery numbers from Tesla, as it delivered 88,400 cars in the first quarter of 2020, then 90,650 cars in the second quarter, despite the closure Its plant is in Fremont, California, in part due to the coronavirus pandemic.

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