Tesla Adds $2,500 to Model S Price Tag

Tesla Motors has announced that it will be bumping up the base price for the Model S sedan by $2,500. This means that the all-electric luxury sedan now starts off at $59,990, or $52,400 with the federal tax credit factored in. The price remained the same, for some three and a half years, yet now, as they increase the output, at the Freemont, California factory, they need more money in order to build 1,600 units per month, by the end of the year.
Tesla Model S 1 photo
Photo: Tesla
The expected output forecast for 2013 is around 20,000 units, if everything goes according to plan. If you want to purchase a Tesla Model S, a $5,000 deposit is required, and you will be placed on a waiting list. The automaker has made it clear that everybody who gets on the list by December 31 will not be affected by the price hike.

Also, considering the price of the car, and the 13,200 people which had put their name down for a Model S by the end of the third quarter, this price hike will not matter that much - Elon Musk did the same thing just before the Roadster was launched, so it seems that it is a Tesla ‘tradition’.

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