Tesla has increased prices for both Model S and Model X across the board by $2,000. Transfer’s attention-grabbing strategies have led to a stark decline in sales.
Tesla’s Model S/X sales plummet, sparking concerns over declining demand as the company remains tight-lipped about the figures.
Unlike most other major automakers, Tesla does not publicly disclose its sales data segmented by model. The text combines deliveries from various models – Mannequin S, Mannequin X, Cybertruck, and Tesla Semi – into a single category, obscuring individual performance metrics.
Based on preliminary estimates of Cybertruck and Tesla Semi deliveries, our analysis suggests that Model S/X sales for the quarter are likely to range between 11,500 and 12,800 units, implying a year-over-year decline of 32-38%.
Despite a notable decline in gross sales, Tesla has decided to increase the value of all Model S and Model X vehicles overnight. Costs increased by $2,000.
Here are the newly listed costs:
- Mannequin S:
- Lengthy Vary: $74,990
- Plaid: $89,990
- Mannequin X:
- Lengthy Vary: $79,990
- Plaid: $94,990
On a single day, Tesla released an update for Model X options. To remain beneath the $80,000 MSRP threshold and qualify for federal tax credits, Tesla has managed to keep the Model X Long Range’s price in check.
While Tesla’s Full Self-Driving (FSD) bundle may seem appealing at $8,000, it’s worth considering whether the upgrade is justified for your needs. By purchasing FSD, you’ll gain the option of 7-seat configuration without additional expense, while also maintaining eligibility for tax credits.
Electrek’s Take
Despite struggling with declining gross sales, it’s peculiar for Tesla to increase prices in the premium segment, as opposed to its more affordable models like Model 3 and Model Y, where pricing sensitivity is greater.
Rumors persist that Tesla is effectively abandoning the Model S and Model X, as third-generation volume numbers overwhelmingly outshine sales figures for these aging models. It’s comprehensible.
Despite this achievement, it still underscores the limitations that constrain Tesla’s ability to simultaneously push forward multiple car-related innovations. As a major differentiator, Tesla’s lack of experience in managing multiple vehicle platforms is arguably its biggest weakness relative to established automotive companies, which have honed their skills by producing a wide range of models that cater to diverse customer needs and preferences.
