Tesla has quietly raised the prices of four of its vehicle trim levels. Most are modest increases, but the brand’s most expensive vehicle has seen by far the biggest increase.
Starting with the Model S Plaid+, the increase will see the car’s price rise by $10,000, as first noticed by InsideEVs. That means that the high-performance sedan will cost $149,990.
Along with that trim of Model S, three other prices have risen. The Model 3 Standard Range Plus, Tesla’s cheapest car, sees a price bump of $500. That makes the new price $37,490.
Same goes for the Model 3 Long Range AWD, up $500 to a new total of $46,490. Finally, the Model Y Long Range AWD saw its MSRP go from $48,990 to $49,990 for an increase of $1,000.
Also Read: Tesla Stops Taking Model Y Standard Range RWD Orders Just Days After Cutting Price
Although the Model Y’s price hasn’t risen unusually, the new price means that it is edging increasingly farther away from competition like the Ford Mach-E (MSRP $42,895) and the Volkswagen ID.4 ($41,190). Both are still eligible for federal tax incentives, meaning that in many cases the price the customer actually paid slides down into the 30s.
Indeed, the prices for lower-end Teslas appear to be hard to maintain. The Telsa Model Y Standard Range RWD, the entry-level trim, was discontinued just last month.
Meanwhile, The Model S Plaid+’s price hike means it goes from costing slightly less to costing more than a BMW M8 Gran Coupe Competition ($144,100) and bumps up against the Porsche Taycan Turbo’s price tag of $150,900. Mind you, the Tesla has the performance to back up the price with a 0-60 time of less than 2 seconds and 1,100 hp, as well as a range of 520 miles.
