Tesla hikes Model S and Model X prices two weeks after cut

Tesla's stock price fell by almost 10% after the publication of its financial report for the first quarter of 2023.

This likely pushed the company to increase the cost of its Model S and Model X electric vehicles.

What is known

Tesla decided to win back half of the price cut. At the beginning of this month, the Model S and Model X fell by $5,000. Now both electric cars have risen in price by $2500.

The impact of the increase in the cost of vehicleson the financial performance of the company Elon Musk (Elon Musk) will be at the level of error. This is due to the fact that Model S and Model X have a modest share (less than 5%) in the overall sales structure.

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Tesla representatives at the quarterly eventstated that the cost of electric vehicles will both rise and fall over the course of the year, influenced by many factors. Model X and Model S in base versions now cost $97,490 and $87,490, respectively. Plaid versions in both cases are priced at $107,490.