Credited from: BUSINESSINSIDER
Tesla has recently announced the launch of refreshed versions of its Model S and Model X, with prices increased by $4,500 to $5,000. The new pricing means the Model S starts at $84,990 while the Model X starts at $89,990 for the all-wheel drive versions. The premium variants also saw price hikes, with the Model S Plaid now at $99,990 and the Model X Plaid at $104,990, according to Business Insider, CBS News, and India Times.
Enhanced features in these new models focus on tackling consumer concerns such as range anxiety. The Model S Long Range can now achieve up to 410 miles on a single charge, thanks to improved aerodynamics and better battery performance. Additionally, both models boast upgraded noise cancellation systems and new suspension designs for a smoother driving experience, with increased interior space in the Model X for third-row passengers and cargo as emphasized by Business Insider and CBS News.
Despite these upgrades, Tesla faces challenges such as a slump in sales and public backlash against CEO Elon Musk due to his controversial political engagements, which have reportedly affected consumer loyalty. For instance, Tesla's deliveries have seen a decline amidst intensifying competition within the electric vehicle market. The Model S and X, while historically significant for Tesla, now represent a minor segment of the company's overall sales, according to Business Insider and India Times.