Tesla’s most affordable Model S becomes more affordable with $5000 price cut

If you have ever dreamt of owning a Tesla, this could be your chance. Tesla has announced a price cut for its entry-level Model S, with a $5,000 discount to the 75kWh version, which now starts at $69,500.

The price cut comes in the wake of Tesla's discontinuation of the 60kWh model, which it sold only until remaining stock ran out. That's not all; the drop also accompanies upgraded standard equipment, meaning you’ll get a better value overall. These include the all-glass overhead roof and an automatic powered rear liftgate as standard features across all Model S battery options.

Though we know you cannot call the new price tag as cheap but the pricing and option changes do mean your money goes farther at the entry-level for the vehicle lineup. Tesla has also revealed that by the end of this year, they will slightly increase the pricing in the top end of the range, in order to balance out the average sales chart.

"Periodically we have adjusted pricing and available options to best reflect the value of our products and our customers’ preferences. Today’s updates include slight price decreases to our 75, 75D and 90D models to account for the discontinuation of our 60 kWh models, and next week will be implementing slight price increases to our higher end 100D and P100D models. We expect our total average selling price to remain almost exactly the same," Tesla said in a statement.

While price increment for 100D and P100D models will take effect on April 24, 2017, to best accommodate customers already in the order process, price drop for 75, 75D and 90D models will take effect from today, the car maker further added.