The automaker has not yet announced that it will be increasing the price of its Model S however a number of indirect announcements indicate that it is likely to do so in the near future.
After the launch of Tesla Motors much anticipated vehicle, the Model 3, the auto-maker is likely to change the price of its flagship automobile, Model S. Initially there were rumors regarding the modification in the price of the sedan however after an investigation by Electrek.co, it was discovered that the price for the full-sized electric vehicle will be modified early in April; basically after the company is done with its Marc 31 Event.
The automobile organization issued a statement to Electrek.co stating that the prices for the company’s auto are consistently changed throughout the world as they have to adjust prices as per the foreign currency exchange rates. Furthermore, the statement stated that the company has informed its customers regarding the change in price of the Model S in April.
However, an increase in price of the sedan has not been mentioned in the statement issued by the auto-maker. Since the price of the vehicle has not been raised for several years now, it is expected that Tesla might just increase the price of the vehicle. There’s a public form Tesla Motors Club where a number of people stated that they are feeling that the organization is likely to raise the price of the sedan.
They backed this up by saying that some representatives have stated that the price of the specific automobile will rise in the beginning of April. Since the representatives wanted people to avail the price it which it is currently being sold, they encouraged to make their bookings for the auto immediately.
However, any statement made on the Motors club can’t be considered as the final word since it does not come from the company itself but people are taking into account the statement that Tesla provided to Electrek.co and believe the fact that the price might just go up. A representative is also stated in the group that the price hike has nothing to do with the introduction of any new feature in the vehicle. As per the rumors though, the Sedan is likely to get a P100D variant. This would be a new product in the Model S product-line that indicates that the price for all Model S variant might fluctuate.
Presently, there are three variant for the Model S that include 70D, 90D and P90D (high performance). The former variants are priced at $70,000 while the latter versions are close to a price of $138,000. In addition to that, the automaker also discontinued its 85D variant which indicates that it is planning on extending its range.
Ever since its launch 2012 the price of the vehicle has not been raised which brings us to the conclusion that maybe the automaker has decide to raise the price after these four/five years. During this time, the company eliminated a number of battery options and also upgraded the vehicle whilst keeping the same price. And since it added a few additional features to the auto which includes an air wireless update; it is possible that is why the company is working towards raising the price for it. Plus the Sedan has been the highest selling vehicle in the United States due to its impressive drive experience.
In addition to that, as it expects to increase the price, the revenue generated by the sales of the model it will put the surplus amount in the development of Model 3 since that will be its mass market vehicle. Even the CEO Elon Musk has stated that the revenue generated by its high-end Model S and Model X will be used in the development of the anticipated Model 3.
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