Tesla stock rallies on Musk announcement of $69,420 price for Model S

Tesla CEO Elon Musk is lowering the price of one of his company’s vehicles to a number that will leave some laughing and others wincing.

Musk lowered the price of a Tesla Model S sedan from above $70,000 to $69,420, he said Wednesday.

“The gauntlet has been thrown down!” Musk wrote. “The prophecy will be fulfilled. Model S price changes to $69,420 tonight!”

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