Tesla raises prices across its entire lineup, with Model X up to a whopping $6,000 – TechCrunch

Tesla has raised its prices again, with some models rising in price to $6,000. The automaker has increased the prices of its luxury electric vehicles several times this year, including two large price increases in the same week in March and a smaller increase on select Model 3s in April.

Tesla updated its online configurator on Wednesday to reflect the price increase across its range, according to Electrek, which has tracked the price increase. Archived copies of Tesla’s website via Wayback Machine, taken recently on April 23, confirm the price difference.

As usual, Tesla has not provided an explanation for the price hike, but given the similar hikes being made by other automakers, it’s probably safe to assume that a combination of inflation, supply chain issues and slowed 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 reported and likely to continue through 2022. He also said global supply constraints on raw materials could hamper future production.

Here’s an overview of the increase in Tesla vehicles this time around:

Tesla Model X: The Long Range Model X with dual motor, four-wheel drive is up from $114,990 to $120,990 today. That’s an increase of $6,000 for the electric SUV. The Model X Plaid price of $138,990 has not yet been impacted. Tesla Model S: The dual-motor, four-wheel drive Long Range Model S went from $99,990 to $104,990 on Wednesday, up from $5,000. As with the Model X, the Plaid remains the same price at $135,990. Tesla Model Y: Both versions of the carmaker’s most popular model have increased. The Long Range went from $62,990 to $65,990 and the Performance went from $67,990 to $69,990, up $3,000 and $2,000 respectively. Tesla Model 3: The Long Range rose from $54,490 to $57,990, an increase of $2,500.

Tesla shares are up 5.48% in after-hours trading.

This post Tesla raises prices across its entire lineup, with Model X up to a whopping $6,000 – TechCrunch was original published at “https://techcrunch.com/2022/06/15/tesla-increases-prices-across-lineup-with-model-x-up-as-much-as-6000/”

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