Tesla Model S Plaid price rises big time just before launch

Hopefully buyers have another $10,000 lying around to buy this car.

Sean Szymkowski
It all started with Gran Turismo. From those early PlayStation days, Sean was drawn to anything with four wheels. Prior to joining the Roadshow team, he was a freelance contributor for Motor Authority, The Car Connection and Green Car Reports. As for what's in the garage, Sean owns a 2016 Chevrolet SS, and yes, it has Holden badges.
Sean Szymkowski
2 min read
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More money, please.


Tesla's back with another price increase, this time for its new range-topping Model S Plaid. Just ahead of its launch party this evening, the automaker updated prices on its website Wednesday showing the powerful, electric sedan will now cost another $10,000 for a total cost of $129,990 before destination. Yeesh. I suppose if you're already spending six figures on a car, another 10 grand is a drop in the bucket.

It's the latest in a series of price rises for the automaker, with CEO Elon Musk taking to Twitter last week to explain that prices are "increasing due to major supply chain price pressure industry-wide." Automakers have been particularly hard hit by the global shortage of chips, just as demand for new cars is skyrocketing as pandemic restrictions ease up in the US. 

If there's a silver lining, the new price is still technically $10,000 cheaper than what Tesla originally wanted to sell the Model S Plaid for. First, it revealed the Plaid with a $139,990 price tag, but it followed it up with a Plaid Plus variant with a promised 520-mile range. That car's since been canceled, according to CEO Elon Musk. It was supposed to cost $149,990, so the regular Model S Plaid dropped to $119,990 to give the cars some space.

With the Plaid Plus out of the picture, it seems Tesla thinks $129,990 is the sweet spot for the new electric car. It'll boast a 200-mph top speed, a 0-60 mph time under 2 seconds, and according to Jay Leno, it set a new world record for the fastest quarter-mile time. With all that power, it's unsurprising that range falls slightly, dipping to 390 miles per charge, versus today's Model S Long Range and its 412-mile juice breaks.

Perhaps Tesla will have more to say about the Model S Plaid's price later this evening; the company doesn't operate a public relations department to respond to media requests for comment.

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