Tesla raises prices across the lineup, with Model X up to $6,000 – TechCrunch
Tesla has raised prices again, with some models going up to $6,000. The automaker has raised prices for its luxury electric vehicles several times this year, including a large price hike twice in the same week in March and a smaller increase on some Model 3s in April.
Tesla updated its online configurator on Wednesday to reflect the price increase across its lineup, according to Electrek, which has tracked the price increase. Archived copies of Tesla’s website via Wayback Machine taken as recently as April 23 confirm the price difference.
As usual, Tesla didn’t provide an explanation for the price increase, but given similar hikes made by other automakers, it’s probably safe to assume that a combination of inflation, Supply chain issues and slow production in China are all contributing factors.
In April, during Tesla’s first quarter earnings call, CEO Elon Musk said he thought inflation was worse than expected and would likely last through 2022. He also said said global raw material supply constraints could hamper future production.
Here’s a look at the increases for Tesla vehicles this time around:
- Tesla Model X: The long-range, dual-motor, all-wheel-drive Model X is down from $114,990 to $120,990 today. That’s a $6,000 increase for the electric SUV. Pricing for the Model X Plaid at $138,990 has yet to be affected.
- Tesla Model S: The dual-motor, all-wheel-drive Model S Long Range went from $99,990 to $104,990 on Wednesday, an increase of $5,000. As with the Model X, the Plaid will remain priced the same at $135,990.
- Tesla Model Y: Both versions of the automaker’s most popular model went up. The Long Range went from $62,990 to $65,990 and the Performance went from $67,990 to $69,990, an increase of $3,000 and $2,000, respectively.
- Tesla Model 3: The Long Range moved from $54,490 to $57,990, an increase of $2,500.
Tesla stock is up 5.48% after hours trading.