Tesla Motors Inc has confirmed that “price changes” are coming for its popular Model S luxury electric sedan. The firm says that buyers can expect the new prices to come into effect some time in early April. The news comes just days before Tesla plans to unveil its new Model 3. This is leading many to speculate that some updates for the Model S might also be announced at the March 31 event, which will be held at its Hawthorne, California, facility.
While Tesla has only confirmed “price changes”, it is widely believed that the change in question is an increase.
In a statement provided by Tesla to Electrek, the firm said that they do not comment on rumors and speculation. However, they said they are constantly improving their cars and sometimes need to adjust their prices to maintain consistency around the world because of exchange rates.
The statement adds: “We have let customers know that some price changes will take effect in early April. We always encourage those interested in purchasing Model S to place their order so they can start enjoying the many benefits of Model S today.”
The Model S currently starts at $70,000 in the US, with a fully equipped P90D going for almost $140,000.
Could Tesla Motors Inc (TSLA) be making the Model S even better?
As the car approaches its fourth year, it is reaching the age where cars generally get a facelift, so there is a reasonable chance the car could get a slight refresh at the very least.
It’s also possible that the changes in price could be related to a new P100D model that uses a 100 kWh battery; a hacker revealed that this was in the works a few weeks ago. This could give the Model S enough power to go 300 miles on a single charge. There is also speculation that a new front fascia could be on the cards along with other aesthetic tweaks.
The Model S is already a very impressive and successful car that is leading its class and loved by its owners. However, it would make sense for Tesla to up the ante a bit with the Model S just as they unveil their new Model 3 in order to set it apart even further.
The Model 3 is expected to share at least some features with the Model S and it will only cost half as much, so this would give EV buyers with a bigger budget more incentive to opt for the pricier Model S. They could also be trying to get buyers who are already interested in an S to pull the trigger before the 3 is unveiled in case they might be tempted to buy the cheaper car instead once they see it.
Those who are interested in what Tesla might have up its sleeve for the Model S can check out the live stream of the Model 3 unveiling on the Tesla website March 31.