Skip advert
Advertisement

Tesla to increase prices by an average of 3%

Following its most recent financial re-evaluation, Tesla has decided to keep more of its stores open, resulting in raised prices

Tesla Factory Tour - sign

Tesla has announced that it will increase prices for its range by an average of three percent from 18 March this year. The raised pricing will support the company’s decision to keep more of its dealerships open, opposing Musk’s recent plans to close some of Tesla’s dealer network and push customers through an online buying process.

Advertisement - Article continues below

Only the Model S, Model X and more expensive variants of the Model 3 will be affected by the pricing increase, with Tesla still promising to provide a $35,000 entry-point for the Model 3. The UK Model S base-price will rise from £72,000 to around £74,200, while the cheapest Model X will jump from £80,200 to around £82,600.

The best electric cars on sale

This latest development follows Tesla’s model range restructure from earlier this month, which slashed more than £40,000 off the retail price of some Model S and Model X variants.

At the same time Tesla announced its had placed its entire dealer network under review after moving all sales online. While the American firm has closed 10 percent of its locations which “didn’t invite natural foot traffic”, the latest is that Tesla is currently monitoring the performance of a further 20 percent of its stores which, depending on their performance over the coming months, could face closure.

Tesla’s sales method is unique in the automotive industry. Instead of visiting a dealership to buy from the forecourt, Tesla’s sales are carried out online. Staff in the firm’s sales locations show potential owners how to order their car from their smartphone, holding only a limited inventory for test drives and hurried buyers.

Musk claims that customers should be able to spec and order their car in “around a minute,” while the firm’s 1000 miles or 7-day return policy provides a safety net for buyers unable to test drive or view their model before they purchase it.

What are your thoughts on Tesla’s planned pricing increase? Let us know in the comments section below…

Skip advert
Advertisement
Skip advert
Advertisement

Recommended

New 2027 Tesla Cybercab preview: fully autonomous ‘Robotaxi’ comes to the UK
Tesla Cybercab Ellis - front 3/4

New 2027 Tesla Cybercab preview: fully autonomous ‘Robotaxi’ comes to the UK

The futuristic, self-driving Tesla Cybercab is the brand’s vision of mobility, and the solution to awkward small talk with Uber drivers
News
20 Nov 2024
Tesla Model 2: Robotaxi takes entry-level model’s place
Tesla 'Model 2' teaser image

Tesla Model 2: Robotaxi takes entry-level model’s place

Tesla has backtracked on the Model 2 with the fully-autonomous Robotaxi coming instead
News
28 Oct 2024
Tesla Model 2 scrapped as Elon Musk says £25k EV is “pointless”
"Baby Tesla" - design sketch

Tesla Model 2 scrapped as Elon Musk says £25k EV is “pointless”

Priorities have shifted from an entry-level Tesla Model 2 to the autonomous Robotaxi
News
25 Oct 2024
New Tesla Robovan is a 20-seat transport pod with no driver
Tesla Robovan - front 3/4

New Tesla Robovan is a 20-seat transport pod with no driver

The self-driving, all-electric bus was revealed at Tesla’s ‘We, Robot’ event
News
11 Oct 2024

Most Popular

New cars that plummet in value can make brilliant used buys
Opinion - Vauxhall Corsa-e

New cars that plummet in value can make brilliant used buys

Editor Paul Barker takes a closer look at our 2024 Used Car Awards
Opinion
20 Nov 2024
Best used cars to buy 2024
Best used cars 2024

Best used cars to buy 2024

From city cars to large SUVs, here’s our annual pick of the star performers that’ll save you thousands when you buy them used instead of new
Best cars & vans
20 Nov 2024
New Jaguar logos unveiled as big concept reveal moves closer
New Jaguar logo 1

New Jaguar logos unveiled as big concept reveal moves closer

Jaguar has revealed its new logos and styling details ahead of its transition into a luxury EV brand
News
19 Nov 2024