Framework is definitely premium-priced, but I don't think most people are cross-shopping the Framework 12 (a 12" convertible tablet) and the Thinkpad E14 (a 14" dedicated laptop).
No such model exists. The Framework 13 comes closest, but a 13" screen and a premium shell would compete more directly with the Thinkpad X13.
Direct price comparisons get tricky because different buyers care about different details. I really like the Thinkpad's Trackpoint, for example, but I also like the Framework's 3:2 aspect ratio. I'd have a hard time choosing.