{"id":7969,"date":"2023-05-12T18:45:24","date_gmt":"2023-05-12T22:45:24","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/tesla-raises-prices-on-the-model-s-model-x-and-model-y\/"},"modified":"2023-05-12T18:45:25","modified_gmt":"2023-05-12T22:45:25","slug":"tesla-raises-prices-on-the-model-s-model-x-and-model-y","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=7969","title":{"rendered":"Tesla raises prices on the Model S, Model X and Model Y"},"content":{"rendered":"
\n

Tesla Inc. said it will again tweak the prices of its vehicles, this time boosting the prices of its Model S, Model X, and Model Y cars. <\/p>\n

The electric-vehicle maker has raised the price of its base-level Model S to $88,490, up from $87,490 when it last made adjustments to this model\u2019s pricing in late April. Similarly, the price of the Model X is also going up by $1,000, as Tesla
\n TSLA,
\n -2.38%<\/bg-quote>
\n now lists it for $98,490 on its website. The Model X price used to be $97,490 following an April hike. <\/p>\n

\n

Tesla is also bumping up the price of its Model Y by $250. The base-level model now lists for $47,490, while it started at $47,240 when Tesla made adjustments earlier in May. <\/p>\n

The company has kept the Model 3 sedan\u2019s price unchanged at $40,240. <\/p>\n

The latest changes are among a series of pricing moves made by Tesla this year. The company cut prices at various points in 2023 as it looked to stoke demand for its vehicles, but it\u2019s also raised prices at times, including on the Model S and Model X back in April.<\/p>\n

Chief Executive Elon Musk has defended this year\u2019s price reductions, suggesting on the company\u2019s last earnings call that the company was willing to sacrifice vehicle margins in the near term while in pursuit of a larger base of Tesla owners. He thinks the company will benefit in the long run by getting more vehicles in the hands of consumers as it will ultimately be able to sell more people on software offerings around autonomous driving. <\/p>\n

Opinion:\u00a0With Tesla stock and margins under pressure, Elon Musk falls back on his favorite fantasy<\/strong><\/p>\n

Wall Street isn\u2019t entirely sold on this approach, however, and several analysts have downgraded Tesla\u2019s stock in recent weeks amid concerns about the company\u2019s margin trajectory. <\/p>\n

See more: Tesla\u2019s \u2018brazen\u2019 willingness to accept lower margins earns stock a downgrade<\/strong><\/p>\n

Tesla shares were up about 1% in Friday\u2019s premarket trading.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla Inc. said it will again tweak the prices of its vehicles, this time boosting the prices of its Model S, Model X, and Model Y cars. The electric-vehicle maker has raised the price of its base-level Model S to $88,490, up from $87,490 when it last made adjustments to this model\u2019s pricing in late […]<\/p>\n","protected":false},"author":1,"featured_media":7970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-7969","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nTesla raises prices on the Model S, Model X and Model Y | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Tesla Inc. said it will again tweak the prices of its vehicles, this time boosting the prices of its Model S, Model X, and Model Y cars. 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