Tesla Model S price jumps $2,500

As announced earlier, Tesla Motors has revealed the updated pricing for Model S electric sedan, wihch hit markets in March 2009 with a base price of $57,400 ($49,900 after federal tax credits).

[slider id=110003]

Check out more news on theĀ Tesla Model S.

The Tesla Model S will now see a price bump of $2,500 with a new base price of $59,900 before federal tax credits. The new price tag will be for new reservations starting January 1, 2013. These new reservations will begin deliveries several months later.

“We believe it is a positive reflection on our design process and disciplined, long-term planning that enabled us to increase prices for the first time in four years at only half the rate of inflation,” said George Blankenship, vice president of worldwide sales and ownership experience. “As a company we will always strive to deliver our customers the most innovative cars in the world while minimizing price increases as we have done today.”

Tesla said that the price increase will not apply to anyone who has or makes a reservation by end of day on December 31, 2012.

– By: Omar Rana