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Tesla has implemented price increases for its Model S and Model X vehicles in the US and Canada, signaling ongoing adjustments to meet market demands and cost pressures.
New Pricing for Tesla Model S Announced
The Model S and Model X, two of Tesla's most popular vehicles, have seen price hikes in the US and Canada.
Per Teslarati, after a recent price hike, the base price of an AWD Tesla Model S in the US is currently $74,990 (not including extras). The base price of a Tesla Model S Plaid, which can reach 60 mph in 1.99 seconds in perfect conditions, is currently $89,990 before options.
In contrast, the base price of an AWD Tesla Model X is now $79,990 (not including options). The Model X AWD can still get a federal tax credit because its price is lower than the $80,000 limit for SUVs in the IRA. With a new starting price of $94,990 (without including options), the Tesla Model X Plaid can now reach 60 mph in 2.5 seconds.
According to those who keep tabs on the Canadian market, the all-electric car now starts at $103,990 CAD, a 6,000 CAD increase from the previous pricing. However, the top-tier all-electric sedan, the Tesla Model S Plaid, saw a more modest CAD 2,000 price hike, bringing the total to CAD 124,990 before options.
Tesla Model X Sees Price Adjustment in North America
In Canada, the price rise for the Tesla Model X is more consistent, costing an additional $3,000 CAD for both the base model and the upgraded all-electric SUV. Now that the new pricing structure is in effect, the base price of the Model X AWD is CAD 110,990, and the base price of the Model X Plaid is CAD 131,990 (not including extras).
Even though the Model X and Model S are currently the best-performing Teslas, they have been mostly eclipsed by the rest of the company's offerings. Even if they aren't quite as powerful as the Model S and Model X, the Model 3 and Model Y are far more budget-friendly. Compared to the Model S and Model X, the Cybertruck is more expensive, but it has more features and a more distinctive appearance.
