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Tesla increases prices across lineup – not as high as expected

As already announced, Tesla increased prices across its vehicle lineup, but the average increase is not as high as previously announced.

Earlier this month, Tesla announced a drastic plan to move all its sales online in order to reduce prices.

At first, it was presented as a way to enable the released of the new $35,000 base Model 3, but it also came with some massive price cuts across Tesla’s entire lineup — up to almost 50% for some of the higher-end Model S and Model X in a few markets.

Those bigger price cuts resulted in some Tesla owners literally protesting at stores in those markets.

A few days later, CEO Elon Musk announced that Tesla would partially reverse course and leave most stores open, which would result in a “slight price increase” across the entire lineup except for the base Model 3.

The prices were supposed to go up by 3% on Monday, but Tesla announced that it delayed the change to Wednesday night – citing not being able to process all orders.

Tesla has now followed through, but the price increases are not as high as 3% for the most part.

As promised, the base $35,000 Model 3 remains unchanged. As for the ‘Standard Plus’ version, it now starts at $37,500 – only $500 more than before the update.

The prices of the other versions of the Model 3 are now up by $1,500.

The Model S and Model X vehicles also saw some slight increases in the base price, but the average price increase overall is less than 2%.

As for the Autopilot packages, Tesla is now selling the base Autopilot for $3,000 and the Full Self-driving Capability package is $5,000

 

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Avatar for Fred Lambert Fred Lambert

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