Tesla elevates Model S and Model X prices substantially; free supercharging offered once more.
In early 2022, Tesla made a significant move by increasing the prices of its premium electric vehicles, the Model S and Model X, in the U.S. market. The Model X Dual-Motor saw a price hike of around $6,000, rising from $114,990 to $120,990, while the Model S AWD Dual Motor experienced a $5,000 increase during the same period [1].
These price adjustments were consistent with industry-wide trends, driven by factors such as rising raw material costs, supply chain constraints, and inflationary pressures seen throughout 2022 [1]. Tesla's moves mirrored similar actions by other automakers raising prices amidst these economic factors [1].
However, there is no evidence to suggest that Tesla raised prices outside the U.S. market at that time. In a separate move, Tesla later ended international orders for the Model S and Model X, potentially signalling a phase-out of these models overseas [5].
Amidst these price increases, Tesla has announced a new benefit for newly ordered Model S and Model X vehicles: free Supercharging, as long as they are in the first hand. This reintroduction of free Supercharging comes at a time when the prices of the Model S and Model X have increased [2].
In Germany, the price for the Model S has increased from 92,990 euros to at least 109,900 euros, an increase of approximately 18%. The standard all-wheel-drive version of the Model X now costs around 114,900 euros, an increase of approximately 15%, while the top version with three motors now costs 119,900 euros, an increase of nearly 11% [3].
Tesla has also decided not to offer the Model S and Model X in some European left-hand drive markets [4]. These developments demonstrate Tesla's ongoing efforts to navigate the challenges of the global automotive market while maintaining its commitment to premium electric vehicles.
[1] Electrek, (2022, March 10). Tesla raises prices on Model S and Model X in the US. Retrieved from https://electrek.co/2022/03/10/tesla-raises-prices-on-model-s-and-model-x-in-the-us/
[2] Electrek, (2022, March 28). Tesla reintroduces free Supercharging for new Model S and Model X orders. Retrieved from https://electrek.co/2022/03/28/tesla-reintroduces-free-supercharging-for-new-model-s-and-model-x-orders/
[3] Electrek, (2022, March 28). Tesla raises prices for Model S and Model X in Europe. Retrieved from https://electrek.co/2022/03/28/tesla-raises-prices-for-model-s-and-model-x-in-europe/
[4] Electrek, (2022, April 12). Tesla stops offering Model S and Model X in some European left-hand drive markets. Retrieved from https://electrek.co/2022/04/12/tesla-stops-offering-model-s-and-model-x-in-some-european-left-hand-drive-markets/
[5] Electrek, (2022, April 12). Tesla ends international orders for Model S and Model X, suggests a sunsetting of these models overseas. Retrieved from https://electrek.co/2022/04/12/tesla-ends-international-orders-for-model-s-and-model-x-suggests-a-sunsetting-of-these-models-overseas/
- In the realm of global business and finance, rising raw material costs and supply chain constraints contributed to industry-wide price increases for electric vehicles, including the Model S and Model X, in 2022.
- The automotive industry, with Tesla leading the charge, was driven to raise prices as a response to economic pressures seen across various sectors, such as transportation.
- As part of a recently announced lifestyle benefit, Tesla is offering free Supercharging for new Model S and Model X orders, which is relevant to the technology and infrastructure of electric-vehicles.
- The ongoing challenges faced by the global automotive market, especially the premium electric-vehicle segment, have impacted the pricing and availability of the Model S and Model X, with some European markets seeing significant price increases.
- Tesla's industry-wide price adjustments and decisions regarding the Model S and Model X are part of a broader strategy to navigate the complexities of the automotive business environment while maintaining a commitment to premium electric vehicles.
