Hyperdrive
Tesla Increases Price of Model S, X in US After Shares Slump
- The two still cost less than they did at end of first quarter
- Elon Musk has said he’ll sacrifice profit margins for growth
This article is for subscribers only.
Tesla Inc. increased prices of its Model S and X vehicles in the US after steep markdowns early this year took a toll on profitability and the carmaker’s shares.
Tesla bumped up each variant of its high-end models by $2,500, raising the cost of the sedan and sport utility vehicle by 2% to 3%, according to the company’s website. The Model S and X now start at $87,490 and $97,490, respectively.