Tesla revises Model X pricing, including a $6,000 price hike

Tesla raised prices again Thursday for its entire lineup. The last price increase was in March.

Only the long-range versions are affected, starting with the entry-level Model 3. The price will increase by $2,500, from $54,490 to $57,990. The base Model 3 rear-wheel drive starts at $48,990 and the top-of-the-line Model 3 Performance starts at $64,190, both prices remaining unchanged after the price change earlier this year. All prices include a $1,200 destination fee.

Still, the Model 3 price is far from Tesla's originally promised base price of $35,000. As recently as 2021, the now discontinued Model 3 Standard Range Plus could be purchased for $37,190.

The Model Y is currently priced at $67,190 for the Long Range version and $71,190 for the Model Y Performance, an increase of $3,000 and $2,000 respectively. This is the first time the Model Y has been available for less than $60,000 since March, when Tesla discontinued the $41,190 standard range version.

The base Tesla Model S now starts at $106,190, $5,000 more than before. According to Tesla's website, if ordered now, it will arrive in March 2023. The Model S Plaid Performance version is priced at $137,190, up $1,000.

The same goes for the Model X, with the base price going up $6,000 from $116,190 to $122,190, but the Model X Plaid price will remain at $140,190. Those who order a base Model X now will not be able to get the car until June 2023.

Tesla has no public relations department, and there was no official explanation for the price increase. Other media outlets have suggested that rising raw material prices may have been a contributing factor.

Tesla CEO Elon Musk has also expressed his pessimistic view of the economy in a recent tweet, and is looking to cut 10% of Tesla's workforce. This is despite the fact that Tesla is ostensibly ramping up production at new plants in Texas and Germany. The company also confirmed plans for a second plant in China last month.