Tesla has raised the price of older models again

By Naveen Apr 22, 2023

This year the U.S. After cutting vehicle prices four times, Tesla raised the price overnight on its slow-selling, expensive models.

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The increase may be an attempt to appease investors who dumped Tesla shares on Thursday after earlier price cuts saw revenues and profit margins fall.

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The Austin, Texas, company added $2,500 to all four versions of the Models S and X, raising prices from 2.4% to 2.9%.

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The lowest-priced Model S now starts at $87,490, while the X's base price is $97,490, according to Tesla's website early Friday

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U.S. They are not eligible for the government's $7,500 electric vehicle tax credit because they exceed the sticker price limits

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Prices for the company's best-selling Model Y small SUV and Model 3 small sedan remain the same after being cut earlier this week.

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Shares of Tesla fell nearly 10% Thursday after CEO Elon Musk said he would sacrifice profit margins to boost sales.

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