Tesla has raised over the weekend the pricing of both its recently revamped flagship models, the Model S and the Model X, by $10,000. The luxury sedan now starts from $94,990, while the SUV is priced from $99,990.
The price hike came with the introduction of a “Luxe Package,” which comes now as standard.
The package includes the Full-Self Driving (FSD) software, which was previously available for $8,000 or as a $99 monthly subscription.
It also includes free lifetime Supercharging and free Premium Connectivity, which offers satellite-view maps, music streaming, among other features, and is usually priced at $99 per year.
In several European countries, such as Norway, the brand has offered free unlimited Supercharging on inventory units of these models, as a way to clear existing stock.
In the US, however, the brand offers one year of free Supercharging for pre-configured units of previous iterations of both the sedan and the SUV, which also applies to the Cybertruck.
The package also features Premium Service for four years. It includes wheel and tire protection, windshield protection and recommended maintenance.
Before that, the windshield protection was offered at $23 per month and $15 per month for Model X and Model S owners, respectively.
Inventory units of the previous iteration, still available in the US, do not include the “Luxe Package.”
Over the weekend, the company updated the EPA range of its Model 3 Longe Range RWD in the US — from 363 miles to 357 miles — according to Tesla enthusiast and shareholder Sawyer Merritt on X.
Tesla has also announced that the 0% financing rate offered in purchases of the Model 3 with the FSD included will end by September 1.
At the same time, the Elon Musk-led company has updated its referral program — Model S and Model X buyers can get $250 in Tesla credits, while Model 3, Model Y and Cybertruck buyers can receive three months of free FSD.
Earlier this month, the brand has also increased the monthly lease price for its entry-level Model Y Long Range Rear-Wheel Drive (RWD) in the US.
Tesla is updating its pricing and incentives list as the end of the $7,500 EV tax credit approaches — on September 30.
CFO Vaibhav Taneja warned late last month that Tesla has a “limited supply of vehicles in the US this quarter” and, for customers in the US “looking to buy a car, let’s roll now as we may not be able to guarantee delivery for orders placed in the later part of August and beyond.”
The company’s last earnings call was marked by warnings of “rough quarters” ahead, with growing concerns over weak demand and the delayed production of the affordable model.
Last week, the company introduced the Model 3+ in China, offering its longest driving range yet — up to 830 km (515 miles) under the CTLC standard.
