New Tesla starter Model S 70D is nicer, pricier

April 8, 2015 4:32 PM

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Tesla Motors (TSLA) said Wednesday that it is creating a new lowest-priced model, adding more features than were on the previous cheapest model and raising the price about $5,000, to $76,030 including shipping.

Tesla sees the move as allowing its high-performance electric cars to better compete against leading midsize luxury cars from BMW and Mercedes-Benz.

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