Tesla Model S will get price increase

Wed, 21 Nov 2012

Tesla has confirmed the Model S will soon see a price increase. The company has yet to release details on how much more the critically acclaimed electric vehicle will cost moving forward, but has released a few details about how the shift will affect buyers with existing reservations. Tesla says the increase will not apply to anyone who has a reservation so long as they configure and finalize their order "within a fair and predefined timeframe." Likewise, those buyers who deferred their reservations will be able to keep the original pricing by finalizing their order within the same timeframe.

Tesla says the price shift will also include changes to the Model S option package structure, and that some features currently considered standard equipment will become added cost options in the future. As with the overall price increase, these changes will not impact those with current orders, reservations or deferred reservations. Expect to hear more about the price increase as information becomes available, and in the meantime you can read the brief press release below for more information.

Is it true there will be a Model S price increase in the near future?
November 20, 2012

Yes, we will be announcing a Model S price increase in the near future. However, there are a few very important points to understand about the upcoming price increase:

The price increase will not apply to anyone with an existing reservation prior to the effective date of the price increase and who also configures their car and finalizes their order within a fair, predefined timeframe.

There will be a few "options package" changes as part of the price increase (meaning some things that are currently considered standard equipment may become part of an optional package going forward). These changes will not apply to anyone with an existing Model S reservation prior to the effective date of the price increase who also configures their car and finalizes their order within a fair, predefined timeframe.

All reservation holders who have "deferred" will receive an email regarding the price increase and will have the opportunity to keep current pricing and options packages by finalizing their configuration and order within a fair, predefined time frame, similar to those who did not defer.

This price increase is planned to be announced with full details, effective dates, pricing and options packages in the next two to three weeks. We are starting to hear rumors about "a price increase coming soon" and want to assure current reservation holders that the price increase will not affect them as long as they configure and finalize their order within a fair, predefined time frame after being invited to configure their Model S. If a test drive is all that is holding you back from configuring your car, please make an appointment at a Tesla store near you.

By Zach Bowman