Tesla (TSLA) Raises U.S. Prices on Upgraded Model S and X by $5,000
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Tesla (TSLA, Financials) raised prices for its Model S and Model X vehicles in the U.S. by $5,000, the company announced Thursday via its website and official X account.
All variants of both models are affected. The updated Model S all-wheel drive now starts at $84,990, while the high-performance Plaid version is listed at $99,990. The Model X starts at $89,990, with its Plaid variant rising to $104,990.
The price increase comes as Tesla rolls out enhancements to both luxury models, though the company did not specify technical details in its announcement.
The move aligns with Tesla's broader strategy of adjusting pricing based on demand, production costs, and ongoing updates to vehicle performance and features.
Shares of Tesla were little changed in early Friday trading but have climbed steadily year to date.
This article first appeared on GuruFocus.