(Reuters) - Tesla Inc will further cut the price of its Model S "Long Range" sedan in the United States to $69,420, the electric carmaker's chief executive, Elon Musk, announced in a tweet on Wednesday.
The anticipated drop marks the second time this week Tesla has cut the price for the high-end sedan, following a 4% cut of the Model S's price in the United States on Tuesday to $71,990.
Tesla shares were up 3.
6% at $462.72 late on Wednesday afternoon.
The company also on Tuesday reduced by 3% the price of its.