Tesla Hikes Prices On The Model X Plaid In U.S. By $5,000 — Model 3, Y Vehicles Get A Price Cut In Canada
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has increased the price of its Model X Plaid in the U.S. by $5,000 or 5.6%, now priced at $94,990. This comes a day after CEO Elon Musk spoke about reducing vehicle prices to make them more affordable amidst rising interest rates. Prices of all other models remain unchanged.
October 20, 2023 | 4:47 am
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Tesla has increased the price of its Model X Plaid by $5,000 or 5.6%, which may impact its sales and revenue.
The price increase for the Model X Plaid could potentially deter some customers, impacting Tesla's sales and revenue. However, it's also possible that the price increase is a response to rising costs, which could mean it won't significantly impact Tesla's profitability.
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