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Price increase in Europe

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Elon discussed this during the quarterly earnings conference call a few days ago. Said the change in valuation of the Euro versus the dollar had hit them negatively by 7% and that they would be raising prices in Europe.

He didn't say when but I got the impression it would be soon - I guess it has happened.
 
Elon discussed this during the quarterly earnings conference call a few days ago. Said the change in valuation of the Euro versus the dollar had hit them negatively by 7% and that they would be raising prices in Europe.

He didn't say when but I got the impression it would be soon - I guess it has happened.

Yeah, he basically said on the conference call if you wanted a Model S and lived in Europe you should order one right now because they were going to increase the price. Really this is just counter to the price drop that happened, what? 6 months ago? which happened for the same reason. I would expect based on this, that you will likely see price adjustments about every 6 months as the exchange rates change.

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Has the UK gone down for the same reason?

pounds.PNG

It would appear that there is a similar decrease happening in the UK economy, although not quite to the same extent as the Euro.