Tesla’s standard Model S sedan now starts at $89,990 after a five percent price cut of $5,000. Similarly, the Model S Plaid is now $5,000 cheaper and.
The big picture: Tesla has lowered the price on its two most expensive EVs in a bid to make its premium models accessible to more buyers. The cuts range from four percent to nine percent, and could signal the start of a price war in the EV industry.
Tesla’s standard Model S sedan now starts at $89,990 after a five percent price cut of $5,000. Similarly, the Model S Plaid is now $5,000 cheaper and starts at $109,990. The Plaid is a higher-performance version of an already quick EV, boasting an eye-watering 0-60 mph time of 1.99 seconds and a top speed of 200 mph with an EPA estimated range of 396 miles on a single charge.
