Can’t say you weren’t warned. In order to keep up with inflation and increase cash flow to the fledging company, Tesla Motors has announced an across-the-board price hike of $2,500 on all of its Tesla Model S electric sedans.
That means the cheapest model will now cost $59,900 before tax credits, while the top-end Model S Performance will set you back $94,400. According to Elon Musk, this price increase is just half what it should be to make up for inflation since Tesla first pledged to sell the Model S for under $50,000 back in 2009.
Yet credit is due to Tesla, which kept that pledge, albeit with the caveat that the $7,500 tax credit had to be applied to bring the $57,400 price below the $50,000 threshold. Now, after the tax credit, you’ll end up paying $52,400 for the Tesla Model S after tax credits.
That said, these price increases only affect those who wait until January 1st to plunk down a $5,000 deposit. That gives anybody on the fence a full month to take the all-electric plunge and buy themselves what has been almost universally hailed as the Car of the Year.
Source: Tesla Motors