Tesla hikes Model S/X prices by $1K and Model Y by $250

Tesla, Inc. (TSLA) has made changes to its car prices for the 2nd time in May and we’re not halfway through the month yet.

The prices of Model S, Model X, and Model Y were increased but Model 3 prices remained immune this time. Tesla did not increase the price of the Model 3 probably due to the rumored design refresh Project Highland Model 3 is just around the corner.

Tesla increased the prices of Model S & X by $1,000 and $250 for each Model Y variant (complete list below).

The world-leading electric automaker has been on a mission to make sustainable transportation affordable. Tesla car prices have significantly dropped overall this year. But the macroeconomic conditions have been a factor for occasional price increases.

Tesla Model S New Prices

Here are the new Tesla Model S prices after the increment of $1,000 across all variants:

• Tesla Model S Long Range AWD: $88,490 (previous: $87,490)
• Tesla Model S Plaid: $108,490 (previous: $107,490)

Tesla Model X New Prices

Here are the new Tesla Model X prices after the $2,500 increase across all variants:

• Tesla Model X AWD = $98,490 (previous: 97,490)
• Tesla Model X Plaid Tri-Motor AWD = $108,490 (previous: 107,490)

Tesla Model Y New Prices

Tesla Model Y also received a small price increase of $250 for each variant. Here’s the list of new prices as of 3rd May 2023:

• Tesla Model Y = $47,490 (previous: $47,240)
• Tesla Model Y Long Range AWD = $50,490 (previous: $50,240)
• Tesla Model Y Performance = $54,490 (previous: $54,240)

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