Tesla Updates Price on Model S, Model X

  • Tesla Updates Price on Model S, Model X

Tesla Updates Price on Model S, Model X

The flagship and longest-range 100D and P100D models are getting more expensive: the 100D is bumping up by $5,000 and $1,000 for Model S and X respectively, while the P100D price is rising by $5,500 for Model S and $9,500 for Model X. All 100 cars keeps the adjustable air suspension as standard equipment, and the price increases will go into effect on April 24th. Today's updates include slight price decreases to our 75, 75D and 90D models to account for the discontinuation of our 60 kWh models, and next week we will be implementing slight price increases to our higher end 100D and P100D models.

Tesla has tweaked its optional features mix too, making the Glass Roof, Power Liftgate, and high speed charger standard across its lineup. We expect our total average selling price to remain nearly exactly the same, the spokesperson added.

The Model S 75 isn't the only vehicle seeing a price reduction, CNET reports that the Model S 90D was reduced $2,000 to $87,500.

Tesla has officially discontinued the Model S 60 kWh battery as of today.

Customers who own an upgradeable 70kWh Model S can move up to 75kWh by unlocking the additional capacity after paying just $500 instead of the $3,500 they had to pay previously.

One of the reasons for the price reduction is Tesla wants to help owners of older motels take advantage of cheaper battery upgrades, according to CNET.

The Model S 75 promises an EPA-estimated 249 miles of range and a 0-60 time of 5.5 seconds. The sunroof option is still available on the Model S, at $2,000.

Tesla's automotive gross profit margin is particularly important as the company brings its Model 3 to market later this year.

"Periodically we have adjusted pricing and available options to best reflect the value of our products and our customers' preferences". The Model S 100D will jump to $97,500 from $95,000, and the Model S P100D increases to $140,000 from $134,500. We expect our total average selling price to remain nearly exactly the same. Pricing is also expected to meet in the middle, with a fully loaded Model 3 going for around $70,000 according to Electrek, though the base price of the auto will be around $35,000.