Tesla just hiked the prices of its most popular cars – here’s how much each model will set you back

Tesla Lineup
Tesla’s cars range in price from around $40,000 to $150,000

  • Tesla sells four models – the Model S, 3, X, and Y – in several different trim levels.
  • Options for them include different interior colors, extra seats, and performance packages.
  • Teslas range in price from roughly $40,000 to $150,000.
  • See more stories on Insider’s business page.

Tesla is known to quietly raise and lower prices seemingly at random.

In October, Tesla CEO Elon Musk dropped the price of the Model S sedan to $69,420 after rival Lucid announced its sedan would start at $69,900. And in March, the company hiked the price for four of its models by up to $10,000. On Friday, it raised the cost of some Model 3 and Model Y trims by up to $1,000.

With price changes on a constant basis, it can be tough to keep track of it all. Those shopping for a new Tesla can consult this guide to understand the latest prices of the Tesla Model S, 3, X, and Y, and how the models stack up.

Although add-ons vary between models, any Tesla can be optioned with the $10,000 “full self-driving” driver-assistance package, which doesn’t currently make Teslas fully autonomous.

Model S

Tesla Model 3
Tesla Model S.

Launched in 2012, the Model S sedan is Tesla’s longest-running model. The luxury four-door got an overhaul at the top of 2021, which included an updated exterior and a controversial new steering yoke. It’s the choice for EV buyers who have a little more to spend and don’t want a crossover.

Here’s how each Model S breaks down:

  • Long Range: For $79,990, the base Model S delivers an estimated range of 375 miles, a top speed of 155 mph, and a 0-60-mph time of 3.1 seconds.
  • Plaid: The $119,990 Model S Plaid, whose name is a reference to the movie “Space Balls,” travels 350 miles on a charge, hits a top speed of 200 mph, and sprints to 60 mph in 1.99 seconds, Tesla says. Both Plaid models have three motors good for more than 1,000 horsepower.
  • Plaid Plus: The $149,990 Plaid Plus is the most advanced Model S yet. Tesla says it will do 0-60 mph in under two seconds, has a top speed of 200 mph, and has a range of more than 520 miles. Deliveries are set to start in 2022.

A paint color other than white will run you $1,500 to $2,500, 21-inch wheels cost $4,500, and a white or off-white interior costs $2,500.

Model 3

Tesla Model 3 update
Tesla Model 3.

With the debut of the Model 3 in 2017, Tesla made good on its promise to build a more affordable vehicle than the Model S or Model X that came before it. And since it launched, the Model 3 has proved wildly successful, becoming both Tesla’s most popular model and the overall best-selling EV in the world in 2020.

The Model 3 comes in three flavors:

  • Standard Range Plus: The $38,490 base Model 3 gets an estimated range of 263 miles, a top speed of 140 mph, and a 0-60 time of 5.3 seconds.
  • Long Range: The $47,490 Long Range model has an EPA-estimated range of 353 miles
  • Performance: For $56,990, the sporty Model 3 Performance delivers a 315-mile range, a top speed of 162 mph, and a 0-60-mph time of 3.1 seconds. It also has a lowered suspension, better brakes, and 20-inch wheels as standard.

A paint color other than white will set you back $1,000 to $2,000, 19-inch rims cost $1,500, and a white interior – as opposed to the standard black – costs a $1,000 premium.

Read more: Don’t blame bitcoin for Tesla’s stock slide – it’s high-time faithful investors took some profits

Model X

Tesla Model X
Tesla Model X.

The Model X crossover is Tesla’s second-oldest model behind the Model S. It hit the market in 2015.

There are two versions of the Model X:

  • Long Range: For $89,990, the dual-motor base Model X delivers 350 miles of estimated range and a 155-mph top speed.
  • Plaid: The $119,990 Plaid version steps things up a notch with three motors that Tesla says put out 1,020 horsepower. Tesla says the high-performance crossover will have a 330-mile range and a 0-60-mph time of 2.5 seconds when deliveries start in May.

Like on Tesla’s other vehicles, a white paint job comes standard – black, silver, blue, or red will run you $1,500 to $2,500. Five seats come standard, and a six-seat or seven-seat layout costs $6,500 and $3,500, respectively.

A white or cream interior costs $2,000, while bigger rims go for $5,500.

Model Y

Model Y Sunset White
Tesla Model Y.

Starting deliveries in early 2020, the Model Y compact crossover is Tesla’s newest vehicle. It’s based on the same platform as the Model 3, but has more cargo capacity, rides higher, and has a general shape more like the Model X. It’s proving to be a hot seller just like its sedan sibling.

The Model Y comes in two versions:

  • Long Range: The $50,490 base vehicle has an EPA-estimated range of 326 miles, a top speed of 135 mph, and makes the sprint to 60 mph in 4.8 seconds.
  • Performance: The sportier option costs $60,990, and although it gets a lower range of 303 miles, it makes up for it in performance upgrades. The crossover accelerates to 60 mph in 3.5 seconds, has a higher top speed, and comes with bigger wheels, better brakes, and a lowered suspension.

There’s also a more affordable Standard Range model that Tesla briefly sold starting in January. Elon Musk said on Twitter it’s still available as an off-menu option.

Buyers can shell out an extra $1,000 for a tow hitch, $1,000 for a white interior, and $3,000 for third-row seating. A non-white paint job costs $1,000 to $2,000, while bigger rims command $2,000.

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Tesla is about to reveal how many cars it sold in the first quarter of 2021 – here’s what to expect

Tesla
Tesla is on track to deliver more than 800,000 cars in 2021, according to Wall Street analysts.

  • Tesla will announce how many cars it sold in the first three months of 2021 as soon as Thursday.
  • Wall Street estimates range from around 152,000 to 174,000 deliveries, with a consensus of 172,000.
  • The semiconductor shortage, redesigned vehicles, and a production pause may have slowed production.
  • See more stories on Insider’s business page.

Tesla is set to release first quarter delivery figures as soon as Thursday, and Wall Street largely expects Elon Musk’s automaker to match its strong output from the final stretch of 2020.

Analyst consensus is that Tesla will deliver 173,800 vehicles in the three months ended March 31, though estimates range from 151,000 to 174,000 total.

In the final quarter of 2020, Tesla sold more than 180,000 of its Model S, 3, X, and Y vehicles to customers as it raced to meet a 500,000-unit goal set forth by Musk earlier in the year. The carmaker ultimately delivered 499,550 cars in 2020

Investors expect Tesla will build significantly more cars in 2021. Consensus sits at 831,000 units as the company continues to accelerate production at its existing factories, and add new production lines in Germany and Texas.

Read more: 26-year-old Austin Russell is out to prove Elon Musk wrong about lidar. Here’s how to nail an interview with Luminar, his booming startup.

But 2021 began with hurdles for Tesla. In January, CFO Zachary Kirkhorn warned of potential first quarter headwinds, including a redesigned Model S sedan and Model X crossover and an ongoing shortage in semiconductors that has hampered global auto production for all of 2021. A two-week break in production at Tesla’s Fremont, California, factory may have also impacted deliveries.

However, Kirkhorn said, accelerated production of the Model Y at Tesla’s Shanghai plant would be a boon for delivery volumes. The carmaker is building two additional factories – one in Berlin, Germany, and one in Austin, Texas – that are expected to greatly expand its production capacity in 2021 and in years to come.

Analysts at Morgan Stanley project that Tesla’s manufacturing capacity will reach 1.3 million units by the end of 2021, 3 million units by 2025, and nearly 5.5 million by 2030.

The deliveries announcement will come at a critical time for Tesla, amid a wider selloff in the EV space and as the electric-car maker looks to prove to investors that it can continue to scale up production worldwide while avoiding some of the quality-control issues that have plagued it in the past.

The carmaker, a dominant force in EVs for years, is also facing down more competitors than ever before. Ford launched its first mass-market battery-powered vehicle, the Mustang Mach-E, in late 2020, while Volkswagen began delivering its inaugural US-market EV, the ID.4, in March. Upstarts Rivian and Lucid plan to deliver their first vehicles by summer.

Read the original article on Business Insider

Tesla just hiked prices by up to $10,000 – here’s how much each model will set you back

Model Y Side Blue
Elon Musk’s electric automaker currently sells four models in a wide range of trims.

  • Tesla sells four models – the Model S, 3, X, and Y – in several different trim levels.
  • Options for them include different interior colors, extra seats, and performance packages.
  • Teslas range in price from roughly $40,000 to $150,000.
  • See more stories on Insider’s business page.

Tesla is known to quietly raise and lower is prices whenever it sees fit.

In October, Tesla CEO Elon Musk dropped the price of the Model S sedan to $69,420 after rival Lucid announced its sedan would start at $69,900. And on Thursday, the company hiked the price for four of its models by up to $10,000.

With price changes happening left and right, it can be tough to keep track of it all. People shopping for a new Tesla can consult this guide to understand the latest prices of the Tesla Model S, 3, X, and Y, and how the models stack up.

Although add-ons vary between models, any Tesla can be optioned with the $10,000 “full self-driving” driver-assistance package, which doesn’t currently make Teslas fully autonomous.

Model S

Tesla Model 3
Tesla Model S.

Launched in 2012, the Model S sedan is Tesla’s longest-running model. The luxury four-door got an overhaul at the top of 2021, which included an updated exterior and a controversial new steering yoke. It’s the choice for EV buyers who have a little more to spend and don’t want a crossover.

Here’s how each Model S breaks down:

  • Long Range: For $79,990, the base Model S delivers an estimated range of 375 miles, a top speed of 155 mph, and a 0-60-mph time of 3.1 seconds.
  • Plaid: The $119,990 Model S Plaid, whose name is a reference to the movie “Space Balls,” travels 350 miles on a charge, hits a top speed of 200 mph, and sprints to 60 mph in 1.99 seconds, Tesla says. Both Plaid models have three motors good for more than 1,000 horsepower.
  • Plaid Plus: The $149,990 Plaid Plus is the most advanced Model S yet. Tesla says it will do 0-60 mph in under two seconds, has a top speed of 200 mph, and has a range of more than 520 miles. Deliveries are set to start in 2022.

A paint color other than white will run you $1,500 to $2,500, 21-inch wheels cost $4,500, and a white or off-white interior costs $2,500.

Model 3

Tesla Model 3 update
Tesla Model 3.

With the debut of the Model 3 in 2017, Tesla made good on its promise to build a more affordable vehicle than the Model S or Model X that came before it. And since it launched, the Model 3 has proved wildly successful, becoming both Tesla’s most popular model and the overall best-selling EV in the world in 2020.

The Model 3 comes in three flavors:

  • Standard Range Plus: The $37,490 base Model 3 gets an estimated range of 263 miles, a top speed of 140 mph, and a 0-60 time of 5.3 seconds.
  • Long Range: The $46,490 Long Range model has an EPA-estimated range of 353 miles
  • Performance: For $55,990, the sporty Model 3 Performance delivers a 315-mile range, a top speed of 162 mph, and a 0-60-mph time of 3.1 seconds. It also has a lowered suspension, better brakes, and 20-inch wheels as standard.

A paint color other than white will set you back $1,000 to $2,000, 19-inch rims cost $1,500, and a white interior – as opposed to the standard black – costs a $1,000 premium.

Read more: Don’t blame bitcoin for Tesla’s stock slide – it’s high-time faithful investors took some profits

Model X

Tesla Model X
Tesla Model X.

The Model X crossover is Tesla’s second-oldest model behind the Model S. It hit the market in 2015.

There are two versions of the Model X:

  • Long Range: For $89,990, the dual-motor base Model X delivers 350 miles of estimated range and a 155-mph top speed.
  • Plaid: The $119,990 Plaid version steps things up a notch with three motors that Tesla says put out 1,020 horsepower. Tesla says the high-performance crossover will have a 330-mile range and a 0-60-mph time of 2.5 seconds when deliveries start in May.

Like on Tesla’s other vehicles, a white paint job comes standard – black, silver, blue, or red will run you $1,500 to $2,500. Five seats come standard, and a six-seat or seven-seat layout costs $6,500 and $3,500, respectively.

A white or cream interior costs $2,000, while bigger rims go for $5,500.

Model Y

Model Y Sunset White
Tesla Model Y.

Starting deliveries in early 2020, the Model Y compact crossover is Tesla’s newest vehicle. It’s based on the same platform as the Model 3, but has more cargo capacity, rides higher, and has a general shape more like the Model X. It’s proving to be a hot seller just like its sedan sibling.

The Model Y comes in two versions:

  • Long Range: The $49,990 base vehicle has an EPA-estimated range of 326 miles, a top speed of 135 mph, and makes the sprint to 60 mph in 4.8 seconds.
  • Performance: The sportier option costs $60,990, and although it gets a lower range of 303 miles, it makes up for it in performance upgrades. The crossover accelerates to 60 mph in 3.5 seconds, has a higher top speed, and comes with bigger wheels, better brakes, and a lowered suspension.

There’s also a more affordable Standard Range model that Tesla briefly sold starting in January. Elon Musk said on Twitter it’s still available as an off-menu option.

Buyers can shell out an extra $1,000 for a tow hitch, $1,000 for a white interior, and $3,000 for third-row seating. A non-white paint job costs $1,000 to $2,000, while bigger rims command $2,000.

Read the original article on Business Insider

Elon Musk says Tesla’s ‘full self-driving’ subscription is ‘for sure’ launching at some point before July, marking a slight delay

Elon Musk
Elon Musk, Tesla CEO.

  • Tesla CEO Elon Musk said the company’s “full self-driving” subscription should “for sure” launch before July.
  • This marks a slight delay. Musk tweeted that Tesla was taking some more time to build out the software.
  • FSD is currently available in beta for a one-off $10,000 fee. The subscription price isn’t yet known.
  • Visit the Business section of Insider for more stories.

Elon Musk said Monday that subscriptions for Tesla’s “full self-driving” (FSD) feature should be available in the second quarter of 2021 – a slight delay from his earlier prediction.

In response to a Twitter user who asked when the electric car company’s FSD subscription was launching, Musk replied: “Q2 for sure.”

The price of an FSD subscription isn’t known, but Musk said that “buying FSD will still be a better long-term deal than subscription.”

FSD currently costs a one-off $10,000 and is available in beta form to some drivers. It does not make a Tesla car fully autonomous.

It is an add-on to Tesla’s Autopilot – which can brake, accelerate, and steer automatically – and allows cars to park themselves, change lanes, and identify both stop signs and traffic lights. The company released a beta version to some Tesla owners in October. 

The subscription, which allows drivers to pay for Tesla’s advanced driver-assistance system in installments rather than the whole package at once, has faced numerous delays

Musk said in Tesla’s third-quarter earnings call in October that the company would release the feature to the public by the end of 2020, per The Verge.

But this got pushed back. Musk tweeted in December that the “full self-driving” package will be rolled out as a subscription in early 2021. Now it looks like it could be postponed until mid-2021, judging by Monday’s tweet.

In a separate tweet, Musk said the reason behind the delay of FSD was that Tesla was taking more time to improve AI in the software.

Read the original article on Business Insider

Tesla’s Model Y standard range has vanished from its sales website, days after the price dropped by $2,000

Tesla Model Y
  • Tesla’s Model Y standard range vehicle is no longer listed on the company’s sales webpage.
  • Tesla launched sales of the SUV in January, and slashed its price just last week.
  • It is unknown why the Model Y standard range is no longer listed, or whether the move is permanent.
  • Visit the Business section of Insider for more stories.

Tesla has stopped taking orders for its Model Y standard range, the electric carmaker’s second-cheapest vehicle, just days after slashing its price by $2,000.

On Thursday, the electric carmaker cut the price of its Model Y standard range, which it launched last month, from $41,990 to $39,990, making it just $3,000 more than Tesla’s cheapest vehicle, the Model 3 standard range plus.

The Model Y standard range sports utility vehicle is now no longer listed on the company’s sales webpage.

As well as not being listed on Tesla’s US and Canada sales sites, the standard range vehicle has also been removed from Tesla’s Model Y webpage, where customers can compare the different versions of the car.

Electrek first reported on the news on Sunday, noting that Tesla had also reduced the price of its Model Y long range by $1,000. This was separate to the automaker’s series of price cuts on Thursday.

It is unknown whether the move is permanent. Insider has contacted Tesla for comment.

The $48,990 long range model is now the cheapest available version of its sports utility vehicle. Tesla also sells a performance version with higher top speeds, which costs $60,990.

The entry-level version has a lower range of 244 miles, according to estimates by the EPA, compared to the long range version’s 326-mile rating. The cheaper model also comes with rear-wheel drive, instead of the all-wheel-drive setup on the long range and performance versions.

Tesla began delivering Model Y vehicles in Shanghai, China, in January, but only offered the long range and performance versions. It is selling both models for almost a third less than the price Tesla quoted in August.

The news comes as Tesla ramps up efforts to make a more affordable electric car. In September, CEO Elon Musk said the company would make a $25,000 “fully autonomous” electric car in about three years. 

The head of Tesla China said the company’s Shanghai research and development center, where it will develop the vehicle, will be running by the end of 2021.

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