Tesla Inc expanded the U.S. costs of its Model S, X, and Y electric vehicles by low single-digit rates on Thursday, however costs were still extensively lower than toward the start of the year.
The organization raised the costs for all variations of its more expensive Model S and X vehicles by $1,000, while costs of all Model Y variations expanded by $250, its site showed.
Since the most recent price changes, these represent an increase of between 0.5 and 1.1 percent.
This is the second time Tesla has increased the prices of its Model S, Model X, and Model Y vehicles since April 19, when it last reduced the prices of some of its vehicles in the United States. The prices of its cheapest vehicle, the Model 3, have not changed since the increase earlier in May. Since January, Tesla has reduced prices all over the world, including six times in the United States, in an effort to increase sales. Elon Musk, the company’s chief executive, has stated that the company is willing to sacrifice margin for sales volume, but that it is also looking to raise prices wherever it can.
Even with the price increase on Thursday, the base models of the S and X cars are still cheaper in the United States by 16% and 19%, respectively, when compared to the beginning of the year. Meanwhile, the long-range model of the Model Y is about 23% cheaper.
Model S is currently valued at $88,490, while the Model X has a tag of $98,490. The exhibition variants of both these models are presently worth $108,490. Model Y’s long-range, performance, and pricing options cost $47,490, $50,490, and $54,490, respectively.
Independently, Tesla’s Japan unit began tolerating orders for its lead car, Model S, and its games utility vehicle Model X in the country on Friday, it said in an official statement.
