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Non-Tech : Kirk's Market Thoughts
COHR 128.77-2.5%3:59 PM EST
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To: robert b furman who wrote (10435)10/15/2020 11:41:15 AM
From: Kirk ©  Read Replies (2) of 26408
 
Cracks starting to show at Tesla?

Who cuts prices when you have a ton of demand?
Tesla reduces prices again

Tesla (NASDAQ: TSLA) has cut the price of the Model S for the second time this week, after EV startup Lucid Motors, led by former Tesla executive Peter Rawlinson, announced the base price of its upcoming Air EV would be $69,900 (after tax credits). "The gauntlet has been thrown down! The prophecy will be fulfilled. Model S price changes to $69,420 tonight!" Elon Musk wrote on Twitter (the price was previously reduced from $74,990 to $71,990). Lucid has projected that the base model of their sedan will deliver an EPA estimated range of 406 miles per single charge vs. 402 miles per charge on the Model S.

Go Deeper: Model S makes up around 5% of Tesla's unit volume - Credit Suisse.
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