Tesla has just released a $5,000 price increase for the base versions (Long Range) of both Model S and Model X electric vehicles.

It comes just as the automaker started delivering the new Model S and hasn’t even started delivering the new Model X.



Since the beginning of the year, we have been covering a seemingly continuous series of price increases throughout Tesla’s vehicle lineup.

However, it has particularly affected Model 3 and Model Y vehicles since Tesla hasn’t been delivering Model S and Model X as the updated versions of the new electric vehicles were delayed.

Last month, Tesla finally started deliveries of the new Model S – starting with the new Plaid top performance version, which also saw a $10,000 price increase last month.

Now in an update to its online configurator, Tesla has decided to quietly implement a new $5,000 price increase for the base Long Range version of the flagship electric sedan:
The price jumps from $79,990 to $84,990 for the Dual Motor All-Wheel Drive Long Range version while the Plaid, which comes with faster acceleration and higher top speed, still starts at $129,990.

Tesla had only started recently delivering the new Long Range Model S after focusing on Plaid deliveries last quarter.

At the same time, Tesla also increased the base price of the Model X, which now starts at $94,990:
Interestingly, the Model X Plaid is now $10,000 less expensive than the Model S Plaid while the base version of the Model X is $10,000 more expensive than the base version of the Model S.

Tesla hasn’t started new Model X deliveries, but the first deliveries of the new version of the electric SUV are expected to start soon.

While Tesla doesn’t confirm it, based on recent practices, people who already placed orders should be able to get the original price.

Electrek’s Take

Model S prices have fluctuated a lot in recent years for a bunch of different reasons and in this case, it’s still hard to pinpoint what that could be.

Tesla has recently linked Model 3 and Model Y price increases to supply chain cost increasing, but I wouldn’t be too quick to say that it’s the case here.
Those price increases were in $500 increments while this is a whopping $5,000 price increase.It could be that Tesla is seeing stronger demand for those versions of the Model S and Model X.

I would expect Tesla to update the delivery delays for new orders soon since they make no sense right now, especially the Model S Plaid, which is listed as available for delivery In June. Hey Tesla, it’s July now.

But we should have a much better idea of the situation in just a few weeks during Tesla’s Q2 earnings report.

Tesla (TSLA) has again increased Model 3 and Model Y prices in an overnight update to its online configurator.

It’s the seventh price increase of the year.

While Tesla often changes pricing across its vehicle lineup, this year has been particularly busy when it comes to price changes.

In February, Tesla made several changes to Model 3 and Model Y prices, mostly going down, again in early March, and then increased Model 3 prices in late March.

In April, the automaker again increased the prices across the Model 3 and Model Y lineup, followed by another increase in late April and another one in early May.

Last month, Tesla focused on Model Y, which received two price increases back-to-back.

Now Tesla is increasing the prices of two popular versions of the Model 3 and Model Y.

Tesla Model Y Prices

Tesla has left the Model 3 alone for a little while, but the Model Y got a $1,000 increase last month after several previous incremental $500 increases.

Now Tesla is increasing the price of the Model Y Long Range Dual Motor by another $1,000:
In the US, Model Y now starts at $54,000, which is $4,000 more than just a few months ago.

The Model Y Performance stays the same price at $61,000.

Tesla Model 3 Prices

As previously mentioned, the Model 3 got a little break over the last month on the price increase front, but it’s not safe this time.

But like with Model Y, only the Tesla Model 3 Long Range AWD version was affected this time.
Here are all the prices of the different versions of the Model 3:

• Tesla Model 3 Standard Range Plus: price stayed the same at $39,990
• Tesla Model 3 Long Range AWD: price went from $48,990 to $49,990
• Tesla Model 3 Performance: price stayed the same at $56,990

The popular version of the Model 3 now starts at $49,990, or $3,500 more than it was earlier this year.

The delivery delay for new orders is also listed as 10 to 16 weeks.

Earlier this year, CEO Elon Musk blamed some of the previous price increases on supply chain issues, including the global chip shortage.

...It's up to the automaker to figure something out that doesn't involve them paying more money. Installing the necessary hardware reportedly costs about $190 per unit so it's strange the original $1,500 price was so high.
Bear in mind owners would be required to visit a service center for the retrofitting and part of that amount is for labor.
...

Installing the necessary hardware reportedly costs about $190 per unit so it's strange the original $1,500 price was so high.

Tesla reported earnings after the bell Monday, and it’s a beat on both top and bottom lines. Shares rose about 1% after hours. Here are the results.

Earnings: $1.45 vs 98 cents per share adjusted expected, according to Refinitiv
Revenue: $11.96 billion vs $11.30 billion expected, according to Refinitiv
The company reported $1.14 billion in (GAAP) net income for the quarter, the first time it has surpassed $1 billion.

Overall automotive revenues came in at $10.21 billion, of which only $354 million came from sales of regulatory credits. That’s a lower number for credits than in any of the previous four quarters. Automotive gross margins came in at 28.4%, higher than in any of the last four quarters.

Tesla had already reported deliveries (its closest approximation to sales) of 201,250 electric vehicles, and production of 206,421 total vehicles, during the quarter ending June 30, 2021.

The company also reported $801 million in revenue from its energy business, including solar energy for homes and businesses and storage for utilities, an increase of over 60% from last quarter. While Tesla does not disclose how many energy storage units it sells each quarter, in recent weeks Musk said, in court, that Tesla’s demand for its Powerwall backup batteries for homes stood around 80,000. He added that the company would only be able to produce 30,000 to 35,000 at best during the current quarter, blaming the lag on chip shortages.

Tesla also reported $951 in services and other revenues. A $23 million impairment related to the value of its bitcoin holdings was reported as an operating expense under “Restructuring and other.”

The company’s cash position decreased about 5% from last quarter, to $16.23 billion. The decline was “driven mainly by net debt and finance lease repayments of $1.6B, partially offset by free cash flow of $619M,” the company said in its earnings statement.

Revenue: $11.96 billion vs $11.30 billion expected, according to Refinitiv

Ford Motor Company's revenue came to around 127 billion U.S. dollars in 2020

Toyota Annual Revenue (Millions of US $) 2020 $275,356

Volkswagen AG Annual Revenue (Millions of US $) 2019 $282,948

Any company looking to start hauling things cross-country using a Tesla Semi will have to wait until 2022 at the earliest.

Tesla on Monday said it has shifted the electric big rig's launch to 2022, blaming the delay on "limited availability of battery cells and global supply chain challenges." The company also said it is tabling the project to focus resources on getting two new factories in Berlin and Austin.

The entire auto industry has been hobbled by a shortage of microchips, which are crucial to all manner of vehicle systems. Tesla has also said its production has been affected by congestion at ports.

But the development of Tesla's truck was slow-going long before the pandemic upended global supply chains.

When Tesla first announced the Semi in 2017, it aimed to start delivering trucks to customers in 2019. Over the years, it pushed the tractor trailer's launch to 2020, and later to 2021.
The idea of a battery-powered truck has garnered lots of attention from retailers and shippers eager to save on refueling and maintenance costs. Scores of massive companies, including Pepsi, Walmart, Anheuser-Busch, UPS, and FedEx, have placed reservations for the Semi.

Tesla expects a base truck to cost $150,000, while a longer-range model will start at $180,000. Reservations cost $20,000.

Tesla has a history of missing deadlines for its new-vehicle launches. The Roadster, a $200,000 supercar, was supposed to launch in 2020. Now production is slated to begin in 2022.

Tesla has agreed to pay $1.5 million to settle claims a software update temporarily reduced maximum battery voltage in 1,743 Model S sedans, court documents show.

Owners of the vehicles will get $625 each, which is "many times the prorated value of the temporarily reduced maximum voltage," according to the proposed settlement documents filed Wednesday in U.S. District Court in San Francisco.

Tesla did not immediately respond to a request for comment. Lawyers for the owners who sued said the "voltage limitation was temporary, with a 10% reduction lasting about 3 months, and a smaller 7% reduction lasting another 7 months before the corrective update was released in March 2020."

A U.S. judge set a Dec. 9 hearing on the proposed settlement. The suit filed in August 2019 alleged Tesla released an over-the-air software update that reduced the maximum voltage to which batteries on some Tesla Model S vehicles could be charged. The update was pushed out after a Tesla caught fire in 2019 in a Hong Kong parking garage.


A subsequent update restored about 3% of the battery voltage in these vehicles, and a third update released in March 2020 was designed to fully restore the batteries’ voltage over time as the vehicles are driven, the settlement documents said.

Company data shows 1,552 vehicles had maximum battery voltage fully restored, 57 have had battery replacements, and for other vehicles the maximum voltage should continue to be restored over time, the settlement documents said.

The $1.5 million settlement includes $410,000 fees and costs for the plaintiffs' attorneys.