Tesla implements Model S and Model X price increase in US and Canada

Tesla has implemented a price increase for its flagship Model S and Model X in the United States and Canada.

With the recent price increase in place, the Tesla Model S All Wheel Drive (AWD) now starts at $74,990 before options in the United States. The Tesla Model S Plaid, which features a 0-60 mph time of 1.99 seconds under optimal conditions, now starts at $89,990 before options. 

The Tesla Model X AWD, on the other hand, now starts at $79,990 before options. This means that the Model X AWD still qualifies for the federal tax credit, as its price is below the IRA’s $80,000 cap for SUVs. The Tesla Model X Plaid, which features a 0-60 mph time of 2.5 seconds, now starts at $94,990 before options. 

In Canada, industry watchers have observed that the Model S AWD has seen a price increase of CAD 6,000, resulting in the all-electric sedan now starting at CAD $103,990. The Tesla Model S Plaid, on the other hand, received a smaller CAD 2,000 price increase, with the top-tier all-electric sedan now costing CAD 124,990 before options.

The Tesla Model X’s price increase in Canada is more uniform, with both variants of the flagship all-electric SUV receiving a CAD 3,000 price increase. With the recent price adjustment in place, the Model X AWD now starts at CAD 110,990, and the Model X Plaid now starts at CAD 131,990 before options. 

The Tesla Model S and Model X may be the best-performing cars in the company’s lineup today, but both vehicles have generally been overshadowed by their peers. The Model 3 and Model Y, while not boasting as much performance as the Model S and Model X, are substantially more affordable. The Cybertruck, while being more expensive than the Model S and Model X today, offers far more tech and a more standout design. 

This may be one of the reasons why Tesla has stopped reporting specific Model S/X sales figures, with the EV maker instead bundling all Model S, Model X, Cybertruck, and Tesla Semi sales under “Other Models” in its quarterly vehicle delivery and production reports.

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Tesla implements Model S and Model X price increase in US and Canada