"Even if expensive, people buy" Tesla raises prices by up to $5,000

Tesla Model X Long Range Price

[Asia Economy Reporter Choi Dae-yeol] Tesla, the world's largest electric vehicle manufacturer, has raised the prices of its major products by up to $5,000. This is interpreted as a result of increased demand due to a surge in new orders.

According to foreign media reports including Electrek on the 24th, Tesla raised the prices of the Model X Long Range and Model S Long Range to $104,990 and $94,990 respectively, each increased by $5,000, through its website on the 22nd (local time).

The Model Y Long Range and Model 3 Standard Range Plus were each raised by $2,000 to $56,990 and $43,990 respectively. These prices are before applying subsidies available in the United States.

According to industry sources, Tesla had experienced delays in customer deliveries due to production disruptions of some models but recently resumed supply. As electric vehicle support policies expand worldwide including in the U.S., sales of major electric vehicles including Tesla have increased, but due to semiconductor shortages and other production issues, it reportedly takes a considerable amount of time for customers to receive their vehicles.

Local media expect that deliveries of the Model S will be difficult until the first half of next year. The Model X is known to take up to nearly a year from order to delivery. When the new Model S was first released earlier this year, it was priced at $80,000, so the current price represents an increase of nearly 20% compared to then.

Despite sales challenges, Tesla's stock price continues to soar. The stock price is $909.68, close to its yearly high, and the market capitalization reaches $900.597 billion. This is attributed to strong performance, including a record-high third-quarter net profit of $1.62 billion.

This content was produced with the assistance of AI translation services.