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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Manufacturing & engineering

Tesla hikes price of Model X

Tesla Inc (NASDAQ:TSLA) has raised the prices of its Model X electric vehicles in the United States by $5,000, according to its website.

The standard all-wheel-drive Model X now costs $84,990, up from $79,990, while the higher-end Plaid version has increased from $94,990 to $99,990.

This follows a similar price adjustment in December, when the automaker raised the cost of its Model S by $5,000 in the U.S. Additionally, from February 1, Tesla increased prices across all its models in Canada.

The company did not give a specific reason for the latest price change.

However, it has been focusing on lowering production costs and recently reported a drop in material and labour expenses in the fourth quarter.

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