Tesla Upgrades Model S Long Range Plus to Become First Electric Vehicle With EPA-Rated Range Over 400 Miles; Slashes Price $5,000

North American models of the Model S Long Range Plus are going farther than any electric vehicle has gone before -- and for less money, too. Tesla (NASDAQ: TSLA) revealed in a blog post on its website last night that it has upgraded the car to achieve an unprecedented feat: an EPA-rated range of 402 miles.

While this will surely curb some drivers' range anxiety (the fear that their vehicles will run out of battery power before reaching a charging station), it's not the only thing that Tesla is offering to entice new drivers. The company is also reducing the price on the vehicle by $5,000.

According to Tesla, the range of the new Model S Long Range Plus vehicles, manufactured at the company's facility in Fremont, California, represents a 20% increase in range compared to a 2019 Model S 100D with the same battery pack design.

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Source Fool.com