Tesla Prices Rise to New Ceiling, Model X Tops $120,000

Tesla raised prices on its entire lineup once again, updating its website overnight to display the changes. We last covered Tesla’s price increases in March, when each car in the lineup was affected. The larger of Tesla’s two SUV offerings, the Model X, was hit the hardest, with an increase of $6000 meaning it now starts at a whopping $122,440.

Tesla’s cheapest offering, the rear-wheel-drive Model 3 Standard Range, isn’t any more expensive than it was in March, with a $48,440 starting price. Alternatively, the price of the Model 3 Long Range received a $2500 bump, moving it to $59,440. The Model Y is also more expensive than before, with the Long Range starting at $67,440 and the Performance starting at $71,440. Notably, the only no-cost color options on most models are white and grey, while blue is $1000, black is $1500, and red is $2000.

Prior to Tesla increasing prices in March, CEO Elon Musk tweeted about inflation affecting the cost of raw materials. According to Reuters, Musk says he needs to cut around 10 percent of salaried workers and sent a message to Tesla executives earlier this month directing them to “pause all hiring worldwide.”

If you are in the market for a new Tesla and you can’t wait a full year, your options are limited. The Model S Plaid and the Model 3 Performance are the only cars with delivery dates in June 2022, while delivery estimates for the Model X Plaid and the Model Y Performance range from August to October of this year. If you are looking to get into a Model X but aren’t willing to pay for the Plaid, Tesla is estimating delivery won’t take place until between March and June of next year.

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