Tesla has recently adjusted the Model X Price, marking an increase for its electric SUV lineup. This change impacts the cost of both the Long Range and Plaid versions, alongside the reintroduction of incentives that were previously deemed unsustainable. For those in the market for a premium electric SUV, understanding these pricing shifts and available incentives is crucial.
The latest update to Tesla’s configurator reveals a $5,000 price hike for the Model X. The Long Range variant now starts at $84,990, while the high-performance Plaid version is priced at $99,990.
This price adjustment has a significant consequence: the Tesla Model X no longer qualifies for the $7,500 Federal EV tax credit. Electric SUVs must be priced below $80,000 to be eligible for this incentive, and the increased Model X price pushes it beyond this threshold.
However, in tandem with the Model X price increase, Tesla is rolling out a suite of incentives aimed at softening the financial impact for buyers. These incentives include:
- Referral Code Discount: Utilizing a referral code can reduce the purchase price by $1,000.
- Full Self-Driving (FSD) Option Incentive: Buyers who opt for the Full Self-Driving package may receive a complimentary option (details may vary, check Tesla’s current offerings).
- Free Supercharging for Life: Perhaps the most notable incentive is the return of “free Supercharging for life.” This perk, which Tesla had previously discontinued, is now back for Model X purchases.
The reintroduction of free Supercharging is particularly noteworthy given CEO Elon Musk’s past statements. In 2020, Musk declared that free Supercharging was “not coming back to any [Tesla] vehicles,” citing its unsustainable nature as an incentive structure. Its return, even if for a limited time or under specific conditions, suggests a shift in strategy or a response to market dynamics. This incentive was previously offered as an end-of-year promotion for certain models, indicating Tesla’s flexibility in using Supercharging perks to stimulate sales.
This iteration of free Supercharging for Model X is linked to the Tesla account of the original purchaser, not the vehicle itself. This means the perk is non-transferable upon resale and does not apply to commercial use vehicles (such as taxis or rideshare vehicles). The offer is valid for new Model X orders in the United States, Canada, Puerto Rico, Europe, and the Middle East.
For prospective buyers evaluating the Model X price, it’s essential to factor in these reintroduced incentives. While the base price has increased, the potential savings from free Supercharging and other offers could significantly offset the higher cost, especially for those who anticipate frequent long-distance travel. Carefully consider your driving habits and charging needs to determine the true value of these incentives in relation to the new Model X price.
