Tesla has increased the pricing of the Model S and Model X by $5,000, saying higher demand that will extend deliveries of new orders well into next year.
Tesla is back to delivering its entire portfolio of automobiles, as we reported earlier this week, after finally starting production of the Model X after the upgrade.
The company is producing more vehicles than ever before, but demand is also at an all-time high, resulting in long lines.
Tesla appears to be profiting from it by raising pricing on new orders.
Tesla increased the basic costs of both the Model 3 and Model Y by $2,000 apiece, as we reported yesterday.
The price of Tesla's premium Model S and Model X has also been raised.
Tesla Model S Prices
Tesla restarted production of the Model S in June after a six-month delay, and ramped up production in Q3.
The vehicle isn't just at full production capacity, but it's projected to be close, and Tesla verified that its gross margin had returned to record levels.
Given this, Tesla decided to raise prices of the Model S Long Range by $5,000 today:
The new Tesla Model S was originally priced at $80,000 when it was launched in January.
The price of the Model S Plaid has remained same at $129,990 as of today.
In the United States, new Model S Long Range orders are not slated to arrive until June 2022.
Tesla Model X Prices
Tesla's new Model X has just been on the market for a few weeks, but it already has a price rise.
In an overnight update to the online configuration, the Model X Long Range went from $99,990 to $104,990:
The Model X Plaid price remained constant at $119,990, which is less than the Model S Plaid, as said before.
That's interesting because the vehicles are expected to be the same under the hood as the Long Range models, but in a different configuration.
The Model X has always been more expensive than the Model S for the same version, and this is still the case for the Long Range model.
New Model X orders could take up to almost a year to arrive, according to Tesla's revised online configuration.
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