Tesla Increases Entry Price of Model S, Model X by $5,000 USD

Tesla has increased the price of its Model S and Model X tonight, as Long Range versions have jumped $5,000 USD in the United States.

The Model S Long Range is now listed at $84,990 USD (was $79,990 USD).

The price increase for the Model X Long Range now starts at $94,990 USD (was $89,990 USD).

Plaid versions of the Model S and Model X remain unchanged.

As for why the price increase? There is still a global semiconductor shortage, and CEO Elon Musk has previously said costs of parts and supplies continue to go up. Tesla may be seeing higher demand for its Model S and Model X refresh, now that Plaid and Long Range versions of the sedan have been delivering to first customers, impressing many early adopters.

Back in June, Tesla increased the price of the Model S Plaid by $10,000 USD in the United States, while the Model Y has also continued to increase in price over the past year as well.

Did you just miss out on the old prices before this latest hike?