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

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
Taxi for Musk! New self-driving Tesla Robotaxi is a two-seat ‘Cybercab’ coupe with no steering wheel
Tesla Robotaxi - front

Taxi for Musk! New self-driving Tesla Robotaxi is a two-seat ‘Cybercab’ coupe with no steering wheel

The American firm says autonomy will be “safer, faster and affordable” with the Robotaxi
News
11 Oct 2024

Most Popular

Hot Land Rover Defender Octa in high demand with close to 3,000 orders at £150,000 each
Land Rover Defender Octa - front action

Hot Land Rover Defender Octa in high demand with close to 3,000 orders at £150,000 each

Buyers aren’t being deterred by the hefty asking price for the most powerful Defender yet, with 2,900 already signing up worldwide
News
12 Nov 2024
Mazda CX-60 is now more comfortable thanks to 2025 updates
Mazda CX-60 - front 3/4 static

Mazda CX-60 is now more comfortable thanks to 2025 updates

Mazda’s SUV has picked up some worthy trim and technical updates
News
13 Nov 2024
Dacia Duster vs MG ZS: which is the best budget hybrid SUV?
Dacia Duster and MG ZS - front tracking

Dacia Duster vs MG ZS: which is the best budget hybrid SUV?

The new Dacia Duster and MG ZS are the UK’s cheapest small SUVs. Which makes more sense in hybrid form?
Car group tests
13 Nov 2024