Tesla has raised the price of its high-performance “plaid” Model S ahead of its first deliveries, which are scheduled to take place at a live show on Thursday, June 10.
Previously priced at $119,990, today Tesla has raised its price by $10,000 to $129,990. The base car price remains unchanged at $79,990. Tesla’s Model Y has also gone up.
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The Model S upgrade comes after Tesla CEO Elon Musk’s recent decision to cancel the upcoming “Plaid+”. This is a higher performance cut that was originally expected to deliver in late 2021, but has now been postponed to mid-2022 before canceling.
“Plaid+ has been canceled, not necessarily because Plaid is very good,” Musk wrote over the weekend.
Surprisingly, Tesla is still listing the “Plaid” Model X at $119,990 — $10,000 cheaper than a comparable Model S. As it is a larger car, the Model X was historically more expensive than the Model S, evident from each car’s “remote” exterior base, with the Model X starting at $89,990 compared to the Model S at $89,990. $79,990
While Model S deliveries will begin Thursday, Tesla currently expects first batch deliveries for the new Model X in August. Customers looking for the “Plaid” Model X may consider ordering before another price adjustment. This is normal for Tesla this year.
Today, Tesla is also increasing the base price of the Model Y by $500. The “Long Range” model starts at $52,490, up from $51,990, the move makes its mark. fifth Prices went up from the base Model Y in the second quarter alone. The Model Y started Q2 with a price of $49,990.
Disclosure: Rob Maurer is a long-term TSLA stock and derivative.