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Brinks Report > Blog > Automobile > Tesla Shocks Market: Model S, Model X Prices Soar by $5,000! But Here’s Why Everyone’s Still Buying It!
Automobile

Tesla Shocks Market: Model S, Model X Prices Soar by $5,000! But Here’s Why Everyone’s Still Buying It!

Dolon Mondal
Last updated: June 14, 2025 10:34 am
Dolon Mondal
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Trulli

Tesla has raised prices for its Model S and Model X by $5,000 in the USA. The base price now starts at $84,990, making these two models even more of a luxury buy.

So, what’s going on here? Why is Tesla making this move all of a sudden?

Trulli

Why Tesla Is Hiking Prices Now

The main reasons are pretty clear. First, Tesla recently upgraded its Model S and Model X with faster performance, improved battery technology, and a more comfortable interior. Naturally, these tweaks come with a price.

Second, the world is battling a shortage of components and raw materials. Lithium, semiconductors, and other key components are more expensive and hard to find. Tesla is feeling it just like everyone else.

Meanwhile, the popularity of these models is soaring. Demand is high, and when something sells faster than it can be made, prices typically follow. Inflation is adding pressure to this as well. The cost of production is up across the board.

Tesla’s Model S and Model X are now more expensive to buy, putting them further out of reach for many people. But this isn’t a huge shock. The Model S and Model X were already luxury models — this just underscores their high-end appeal.

For people in India, it signals what future pricing might look like if these models eventually launch there. Import duties and taxes will raise prices even more.

Picture this: you walk into a café with your wallet, thinking you’ll grab a rich mocha. But then you find it’s gone up by $5. That’s kind of how Tesla fans are feeling — a little surprised, a little frustrated — but not enough to stay away. After all, this isn’t your average sedan. It’s a high-tech, high-performance ride — with a price tag to match.

The world of electric vehicles (EVs) is changing fast. Tesla is a key actor in this story. Whenever it tweaks prices, it signals something about future trends — whether it’s technology improving, raw materials pricing, or growing popularity.

So it’s worth staying informed, especially if you’re thinking of buying an electric car soon. Keep an eye on prices and incentives, and watch for the next move from Tesla.

Final Thoughts — Is It Worth It?

Ultimately, whether Model S or Model X is worth it depends on you. If you want cutting-edge technology, great performance, and a stylish ride — and you can afford it — then it’s a strong contender.

But for many, cheaper and more practical models might be a smarter choice. The good news is there are plenty of options. The EV market is growing, and competition is strong.

Also Read Tesla Launches Robotaxi : Elon Musk Shares June Dates for First Driverless Ride

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