New Tesla Model S 2020 pricing and specs detailed: Electric car now cheaper due to LCT changes

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The Model S has had its pricing reduced for the second time in five weeks.
Justin Hilliard
Head of Editorial
7 Jul 2020
2 min read

Tesla Australia has reduced the pricing of the Model S large sedan by $612 thanks to the new financial year’s higher Luxury Car Tax (LCT) threshold for fuel-efficient vehicles, which include all-electric models.

As such, the entry-level Long Range and flagship Performance variants of the Model S are now priced from $139,218 and $158,718 plus on-road costs respectively.

It’s worth noting CarsGuide last reported Model S pricing changes in late April, but just over a month later, Tesla Australia ushered in a significant $7683 price cut for the Long Range and Performance.

Either way, no changes have been made to standard specification.

As a refresher, the Long Range can sprint from a standstill to 100km/h in a supercar-scaring 3.8 seconds, while the Performance reaches triple digits in a hypercar-like 2.5s thanks to its Ludicrous drive mode.

Conversely, the Long Range offers the best driving range, at 713km (NEDC), although the Performance’s 671km effort between charges isn’t too far behind.

For reference, the LCT threshold for fuel-efficient vehicles (consumption rating of 7.0 litres or less per 100 kilometres on the combined-cycle test) rose from $75,526 to $77,565 on July 1, the start of the 2020-2021 financial year. The tax rate stayed at 33 per cent.

2020 Tesla Model S pricing before on-road costs

VariantTransmissionCost
Long Rangeautomatic$139,218 (-$612)
Performanceautomatic$158,718 (-$612)
Justin Hilliard
Head of Editorial
Justin’s dad chose to miss his birth because he wanted to watch Peter Brock hopefully win Bathurst, so it figures Justin grew up to have a car obsession, too – and don’t worry, his dad did turn up in time after some stern words from his mum. That said, despite loving cars and writing, Justin chose to pursue career paths that didn’t lend themselves to automotive journalism, before eventually ending up working as a computer technician. But that car itch just couldn’t be scratched by his chipped Volkswagen Golf R (Mk7), so he finally decided to give into the inevitable and study a Master of Journalism at the same time. And even with the long odds, Justin was lucky enough to land a full-time job as a motoring journalist soon after graduating and the rest, as they say, is history. These days, Justin happily finds himself working at CarsGuide during the biggest period of change yet for the automotive industry, which is perhaps the most exciting part of all. In case you’re wondering, Justin begrudgingly sold the Golf R (sans chip) and still has plans to buy his dream car, an E46 BMW M3 coupe (manual, of course), but he is in desperate need of a second car space – or maybe a third.
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