Tesla has introduced yet another round of price increases, this time for its refresh Model S and Model X vehicles, affecting those in the U.S. and China.
In the United States, prices increased $5,000 USD for the Model S and Model X Long Range (via @SawyerMerritt):
- Model S Long Range: $89,990 USD (was $84,990 USD)
- Model X Long Range: $99,990 USD (was $94,990 USD)
Prices of Plaid versions have remained the same.
In China, Tesla increased the price of both vehicles by RMB 30,000 (about $4643 USD):
- Model S Long Range: RMB 859,990 (was RMB 829,990; or $133,121 USD)
- Model X Long Range: RMB 909,990 (was RMB 889,990; or $140,861 USD)
Tesla announced on its social media channels in China the price increase is a “global adjustment”, according to a translation of the news.
#Tesla China increased the price of long range Model S/X by RMB 30,000.
— 42HOW (@42how_) August 4, 2021
The company announced during its Q2 earnings call it is still being affected by the global chip shortage, with CEO Elon Musk calling it still “quite serious”. With Tesla’s estimated delivery dates recently slipping, it’s safe to assume Tesla is dealing with heavy demand and also a shortage of parts which may see prices increasing at the supplier level.
Earlier this month, Tesla increased the price of the Model S Long Range by $5,000 euros in Germany, while a $5,000 USD increase for the Model S and Model X was also applied in the United States. Along with today’s price increase, that’s a $10,000 USD jump in less than one month for those in the U.S. for the Model S and Model X Long Range. Tesla still has yet to deliver its new Model X refresh to first customers.
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