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Musk cuts Tesla Model S price to $ 69,420 after rival prices its car cheaper

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Tesla CEO Elon Musk cut Tesla Model S price to $ 69,420 after rival Lucid Motors announced Lucid Air sedan will cost $ 77,400 minus $ 7,500 US tax credit (effective price to $ 69,900). Musk has cut Tesla Model S price twice in one week. The figures ' 69 ' and ' 420 ' in the $ 69,420 price tag are reportedly intentional by Musk as a joke.

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