Tesla has quietly increased the price of its remaining Model S and Model X inventory in the United States as the company moves closer to selling the last units of its two longest-running vehicles.
According to updated pricing on Tesla’s existing inventory website, all available inventory units have been raised by $15,000. The new starting prices now sit at $109,990 for the Model S AWD and $124,900 for the Model S Plaid. Meanwhile, the Model X AWD now starts at $114,900, with the Model X Plaid climbing to $129,900. (via Sawyer Merritt)
Discounts are still available for demo vehicles, with the amount of the discount varying by the amount of mileage on the vehicle.
The price adjustment comes just days after CEO Elon Musk confirmed that Tesla has stopped accepting custom orders for both vehicles. With production winding down, the automaker is now selling only pre-built inventory units, marking the beginning of the end for the flagship sedan and SUV that helped define Tesla’s early success.
The decision to increase prices reflects basic supply and demand dynamics. With no new custom builds being produced and inventory levels finite, Tesla appears to be capitalizing on increased demand from buyers looking to secure one of the final units.
This strategy is not entirely surprising. As production winds down, rarity becomes a factor, especially for vehicles like the Model S and Model X, which have seen low volumes compared to the Model 3 and Model Y in recent years.
While the price has increased substantially, all remaining Model S and Model X vehicles do come bundled with the Luxe Package. This package significantly enhances the value proposition on paper for certain buyers, adding Full Self-Driving, free lifetime Supercharging and Premium Connectivity, and four years of wheel and tire protection, windshield protection and recommended maintenance.
The question now is how long this remaining inventory will last, and whether Tesla will continue adjusting pricing as supply dwindles further. For now, buyers interested in owning a piece of Tesla history will have to act quickly, and pay a premium to do so.
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