Blog Long Range Model S/X Get $5,000 Price Increase

The Long Range versions of Tesla’s Model S sedan and Model X SUV have received a $5,000 price increase.

The Model S will now start at $84,990 and the Model X at $94,990

The prices of Tesla vehicles have fluctuated all year. The Model Y had two price changes last month. And certain variants of the Model 3 and Model Y received price reductions in February and early March, then the price of the Model 3 increased in late March. Another three increases for Model 3 and Model Y have occurred since. Tesla’s priciest vehicle, the Model S Plaid also received a $10,000 price increase in June.

The Model S and Model X recently received a refresh with slight exterior updates and interesting new interior features like a yolk steering wheel.

Tesla did not give a reason for the price increase but has previously said supply chain issues have caused the increase for Model 3 and Model Y vehicles.

 

[Fairchild]

Because the CT has a GW over 6,000 pounds, another tax bonanza with the CT is the HUMMER TAX Credit

Tesla Cybertruck GVWR Weight Will Exceed 8,500 lbs and be ...​

https://www.cybertruckownersclub.com › tesla-cybertru...


Dec 12, 2019 — As long as all three models weigh over 6000 pounds then all cybertruck models will qualify for the Section 179 IRS code tax credit of $25,000 depreciation in the first year for business owners.

 

[MikeHolliday]

I own a Model Y and have a Cybertruck on order and I truly hope that EV Cedits do not return. They served their purpose in getting the EV market rolling, but are totally unnecessary now...

 

[Resist]

I personally would like to see the Tax Credits go away for all manufacturers. Tesla sales proved that EVs no longer need a stimulus. They have now reached the point that the demand is there and therefore do not need the Tax Credits...

I completely disagree! Until prices come down for EV's, tax credits are needed to help people get into them. It's funny how some complain about tax credits for EV's, yet don't complain about big oil being subsidized for decades and decades.

 

[Roy2001]

Another $5000 hike.

 

[tivoboy]

Another $5000 hike.

Probabitty of federal tax credit coming back continues to go up, tesla has been resetting for months now.

 

[Jeremy3292]

Probabitty of federal tax credit coming back continues to go up, tesla has been resetting for months now.

This is supply chain and consumer demand related and has nothing to do with an imminent federal tax credit on the horizon. No infrastructure bill is going to be passed anytime soon with EV tax credits. 0.1% chance with the current Senate makeup. This is all just basic economics - demand is high and supply low = raise prices.

 

[jaqueh]

Probabitty of federal tax credit coming back continues to go up, tesla has been resetting for months now.

There is no evidence of this

 

[Roy2001]

Probabitty of federal tax credit coming back continues to go up, tesla has been resetting for months now.

The $10000 tax credit is for those less than $80000.

 

[Resist]

The Federal tax credit on a new vehicle is for the consumer, not the auto manufacture. If it's true that Tesla raised their prices because of a tax credit coming back, then it doesn't help the consumer at all.

 

[Jeremy3292]

The Federal tax credit on a new vehicle is for the consumer, not the auto manufacture. If it's true that Tesla raised their prices because of a tax credit coming back, then it doesn't help the consumer at all.

The tax credit isn't coming back anytime soon but I think you just answered your own question. EV manufacturers will raise prices knowing the consumer is going to get a $10k tax credit which in turn equals more profits for the EV manufacturer. However, a prospective tax credit is not why Tesla is raising prices. It's strictly due to high demand, low supply, inflation, and supply chain pressures.

 

[T.R.T.e.s.l.a.]

What i really don't get is why the difference between the X LR and the X Plaid is around 10k and the difference between the S LR and the S Plaid is around 30k....

 

[Roy2001]

What i really don't get is why the difference between the X LR and the X Plaid is around 10k and the difference between the S LR and the S Plaid is around 30k....

Check your calculation again, the difference between X LR and X Plaid is 20k, and it is 40k between S LR and S Plaid.

If anyone is interested in X Plaid, they should place an order now. At most you lost $100 if you changed your mind and cannot transfer the pre-order to someone else.

 

[Fairchild]

This is supply chain and consumer demand related and has nothing to do with an imminent federal tax credit on the horizon. No infrastructure bill is going to be passed anytime soon with EV tax credits. 0.1% chance with the current Senate makeup. This is all just basic economics - demand is high and supply low = raise prices.

This is NOT soon.

CONGRESS

Bipartisan $550B infrastructure bill nears critical Senate vote​

A final vote could happen as early as Thursday, with Republicans privately signaling they are likely to help advance the deal.

The Senate begins its amendment process. Senate Majority Leader Chuck Schumer (D-NY) said that he believes “the Senate can quickly process relevant amendments and pass this bill in a matter of days” due to its bipartisan nature. Time will tell.

Although EV tax credits are not included in the bi-partisan bill, they could be considered in an amendment.

 

[Jeremy3292]

This is NOT soon.
CONGRESS

Bipartisan $550B infrastructure bill nears critical Senate vote​

A final vote could happen as early as Thursday, with Republicans privately signaling they are likely to help advance the deal.

The Senate begins its amendment process. Senate Majority Leader Chuck Schumer (D-NY) said that he believes “the Senate can quickly process relevant amendments and pass this bill in a matter of days” due to its bipartisan nature. Time will tell.

Although EV tax credits are not included in the bi-partisan bill, they could be considered in an amendment.

Where does it say in that article that EV tax credits could be considered in an amendment or is that just your personal wording?

Additionally, I can assure you without a shadow of a doubt that you will not get 10 Republican senators to vote for $100B+ in EV tax credits even if an amendment were offered. You might not even get all 50 Democrats to vote for this mythical amendment either. 60 senators are required to pass the bill and send to the House which is no guarantee it will pass there.