Tesla Hikes Price of Model X, Model S Variants by $5,000

By Benzinga
Benzinga
Benzinga
October 24, 2021 Updated: October 24, 2021

Electric-car maker Tesla Inc. on Saturday announced a price hike of $5,000 for its Model X Long Range and Model S Long Range variants.

The Model X Long Range and S Long Range will now sell for $104,990 and $94,990, respectively.

According to Tesla’s website, the electric carmaker also increased the price of the Model Y Long Range and Model 3 Standard Range Plus by $2,000, to $56,990 and $43,990, respectively.

Last month, the company raised the price of its Model Y Performance car in China by $1,552, after previously raising the price of the Y Model in March by about $1,226.

In August, Tesla hiked prices of the long-range variants of the Model S sedan and Model X SUV both in the United States and China.

Earlier this year, Musk said Tesla aims to make over 2,000 units of the Model S and Model X per week and could go as high as 2,400 to 2,500 units per week.

Both Model S and X electric vehicles are among Tesla’s most expensive flagship vehicles. They have recently undergone a refresh, with a new interior and exterior design, along with efficiency and range improvements.

By Bibhu Pattnaik

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