Tesla elevated the costs of its two flagship fashions—the Mannequin S and Mannequin X—by $2,000 throughout all variations within the U.S.
The change pushed the Mannequin S‘s beginning value to $74,990 (plus $1,640 in compulsory charges) and the Mannequin X‘s beginning value to $79,990 (+$1,640). Amongst all Mannequin S and Mannequin X variations, solely the entry-level Mannequin X with none choices qualifies for the $7,500 federal tax credit score (it matches below the $80,000 value cap for SUVs).
700,000 Mannequin S and Mannequin X
The Tesla Mannequin S has been available on the market for over 12 years (since 2012), whereas the Mannequin X has been for about 9 years (since 2015). The 2 fashions famous virtually 700,000 gross sales globally, however the very best occasions of some 100,000 models a yr in 2017 and 2018 are behind.
The value hike is a bit stunning as a result of gross sales of the 2 fashions are weaker than prior to now, and a better price ticket is not going to assist.
It is believed that within the second quarter of 2024, the Mannequin S/Mannequin X duo famous a considerable decline in international gross sales. Tesla doesn’t report particular person mannequin gross sales however as an alternative lumps Mannequin S, Mannequin X, Cybertruck, and probably even the Semi into the “different fashions” class. The official information point out 21,551 deliveries of “different mannequin” EVs, 12% greater than a yr earlier. Nevertheless, assuming hundreds of Tesla Cybertruck gross sales (probably 8,000 in Q2), the Mannequin S and Mannequin X gross sales have been down considerably. We’re speaking about shedding a 3rd of the quantity, if no more.
Moreover, it is clear that Tesla’s provide of Mannequin S/Mannequin X is way increased than demand, because the estimated supply time for brand spanking new custom-order automobiles within the U.S. is July-August. That is only a few weeks between order and supply.
We expect the costs ought to be decreased to draw extra clients and make the fashions extra aggressive. Alternatively, possibly Tesla determined to prioritize margins slightly than quantity.
| Mannequin | Base Worth | Dest. Cost | Tax Credit score | Efficient Worth |
| 2024 Tesla Mannequin S LR AWD 19-in | $74,990 | +$1,640 | N/A | $76,630 |
| 2024 Tesla Mannequin S LR AWD 21-in | $79,490 | +$1,640 | N/A | $81,130 |
| 2024 Tesla Mannequin S Plaid 19-in | $89,990 | +$1,640 | N/A | $91,630 |
| 2024 Tesla Mannequin S Plaid 21-in | $94,490 | +$1,640 | N/A | $96,130 |
| 2024 Tesla Mannequin X LR AWD 20-in | $79,990 | +$1,640 | $7,500 | $74,130 |
| 2024 Tesla Mannequin X LR AWD 22-in | $85,490 | +$1,640 | N/A | $87,130 |
| 2024 Tesla Mannequin X LR AWD (6 seat) 20-in | $86,490 | +$1,640 | N/A | $88,130 |
| 2024 Tesla Mannequin X LR AWD (6-seat) 22-in | $91,990 | +$1,640 | N/A | $93,630 |
| 2024 Tesla Mannequin X LR AWD (7-seat) 20-in | $83,490 | +$1,640 | N/A | $85,130 |
| 2024 Tesla Mannequin X LR AWD (7-seat) 22-in | $88,990 | +$1,640 | N/A | $90,630 |
| 2024 Tesla Mannequin X Plaid (6-seat) 20-in | $94,990 | +$1,640 | N/A | $96,630 |
| 2024 Tesla Mannequin X Plaid (6-seat) 22-in | $100,490 | +$1,640 | N/A | $102,130 |
* Tesla provides a Vacation spot charge (DST) of $1,390 and an Order Charge of $250 to all its fashions ($1,640 whole).
** The $7,500 federal tax credit score could be accessible via leasing to all fashions and variations.
| Mannequin | Drive | EPA Vary |
0-60 mph (sec) |
Prime Pace (mph) |
| 2024 Tesla Mannequin S LR AWD 19-in | AWD | 402 mi | 3.1 | 149 |
| 2024 Tesla Mannequin S LR AWD 21-in | AWD | 380 mi* | 3.1 | 149 |
| 2024 Tesla Mannequin S Plaid 19-in | AWD | 359 mi | 1.99* | 200 |
| 2024 Tesla Mannequin S Plaid 21-in | AWD | 320 mi | 1.99* | 200 |
| 2024 Tesla Mannequin X LR AWD 20-in | AWD | 335 mi | 3.8 | 149 |
| 2024 Tesla Mannequin X LR AWD 22-in | AWD | 322 mi* | 3.8 | 155 |
| 2024 Tesla Mannequin X LR AWD (6 seat) 20-in | AWD | 335 mi | 3.8 | 149 |
| 2024 Tesla Mannequin X LR AWD (6-seat) 22-in | AWD | 322 mi* | 3.8 | 155 |
| 2024 Tesla Mannequin X LR AWD (7-seat) 20-in | AWD | 335 mi | 3.8 | 149 |
| 2024 Tesla Mannequin X LR AWD (7-seat) 22-in | AWD | 322 mi* | 3.8 | 155 |
| 2024 Tesla Mannequin X Plaid (6-seat) 20-in | AWD | 326 mi | 2.5* | 149 |
| 2024 Tesla Mannequin X Plaid (6-seat) 22-in | AWD | 300 mi | 2.5* | 163 |
* EPA vary in accordance with Tesla; acceleration, together with rollout
