Tesla Inc (NASDAQ:TSLA) has refreshed its flagship Model S and Model X vehicles in the US, with minor design and performance updates resulting in a $5,000 price increase across all trims.
Prices for the Model S now start at $84,990 for the Long Range version and $99,990 for the high-performance Plaid. The Model X Long Range has been raised to $89,990, while the Plaid variant now costs $104,990.
The increased prices come despite only minor hardware and software updates.
Among the updates is a new Frost Blue exterior paint option, which costs an additional $2,500. Tesla has also introduced redesigned front bumpers and new aerodynamic wheel designs, along with a matte front logo exclusive to the Model S Plaid.
The Model S Long Range now offers an estimated 410 miles of range when equipped with 19-inch wheels, which is only a five-mile increase over the previous version.
The Model S Plaid features slight aerodynamic enhancements for greater high-speed stability, but Tesla has reduced its top speed from 200 miles per hour to 149 miles per hour, seen by some as a downgrade.
The Model X has seen a minor range boost and an additional 2.5 cubic feet of space for third-row passengers and cargo.
Additionally, the yoke-style steering wheel is no longer available on base models and is now offered only as a $1,000 optional extra on Plaid variants.
Both the Model S and Model X are slightly heavier than before, with the Model S Plaid gaining 26 pounds and the Model X Plaid adding 183 pounds.
The reaction to the lineup has been lukewarm, with customer feedback on social media suggesting the changes are not enough to justify the higher price tags.
Shares of Tesla traded down 1.7% at about $314 shortly before US markets opened on Friday.