Tesla Model X and Model S price increased in US and Canada even though the EVs reportedly don't sell well

While Tesla can often be found changing the prices of its EVs, the price adjustments are usually centered around reeling in more customers with cuts and enticing deals. For instance, we reported a few days ago that you can now get the Tesla Model Y for 1.99% APR till August 31. However, the company sometimes increases prices as well and this is exactly what Tesla has now done with the Model S and X becoming expensive in the US and Canada.

All Tesla Model S and Model X trims have now gone up in price by $2,000 in the US. With the increment in place, the Tesla Model S now starts at $$74,990 and $89,990 for the Plaid package. Similarly, the Model X now costs $79,990 while the Model X Plaid will run customers back a whopping $94,990.

For the Canadian market, the Model X has noted an increase of $3000 across the board and it now starts at CA$110,990 for the regular variant and an eye-watering CA$131,990 for the Model X Plaid. However, unlike the Model X, the Model S price bump is different based on the trim. The regular Model S now commands a price of CA$103,990 for the regular variant after a massive CA$6,000 increase, while the Model S Plaid costs $124,990 with a $2,000 bump.

It is not a secret that the Model 3 and Model Y EVs drive the bulk of volume for Tesla while the Model X and Model S are among the worst-selling EVs in the company’s lineup. According to a report by elektrek, the Tesla Model S and Model X could have suffered a 31-37% Year-over-Year (YoY) decline in deliveries.

So, Tesla’s move to increase the prices of EVs that already suffer from low sales might be head-scratching for some. While an argument can be made that the Model S and X customer base can afford to shell out a few thousand more when they are already spending a considerable amount of money, it doesn’t make the inflation any easier to stomach as a price bump is still a price bump.

As pure conjecture, the Model X/S price increase could also mean that Tesla might offer a discount on the EVs in the near future, and the newly inflated prices would make the deals look even better.

Whatever the case might be, this is certainly not good news for prospective Tesla Model S and X customers who are on a budget.

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