Tesla Raises Base Prices of Model S and Model X but Makes Premium Features Standard

The $5,000 premium package will only add on $2,000 more for the Model S and Model X base prices.

The Tesla Model 3 might've stolen the attention of electric vehicle fans and an interested public, but the company's Model X and Model S both had exciting news of their own recently. Tesla updated both cars to make their premium package offerings standard to every Model X and Model S non-performance design. 

The 'Premium Upgrades Package' is now standard on the 75D and 100D versions rather than just the performance models. It was originally priced at $5,000 for the upgraded non-performance versions. The upgrade includes a HEPA air filter with the Bioweapon Defense Mode, an improved audio system, and features to fight against the cold like a heated steering wheel and heated seats for all passengers. 

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The boost in quality for these two models also means a boost in price. However, the base prices for both the Model S and the Model X only rose by $2,000 rather than the $5,000 it would originally cost. Thus, a Model S 75D version will start at $77,000 and the Model X 75D version starts at $83,000. 

Financial analysts have already noted the change boosted the company's stocks slightly, giving more confidence to investors rather than the shaky (and often turbulent) production and release of Tesla's Model 3 units. 

Model S Deemed a 'Model' Car

The Model S's standard upgrades will further elevate the car -- one that was recently named the decade's greatest car by the industry analysts at Hagerty. The company recently released a list that pulled together "the greatest vehicle of each decade, from the earliest days of the automobile to the present."

Hagerty analyst Andrew Newton explained why the Tesla Model S made a place on the list. He said "cars still work pretty much they always have, powered by a piston engine that’s fueled by the black goop that we pump out of the ground. Only one car of the 2010s has lit a different path.”

“Only one [car] has shown the world not only the efficiency and environmental advantages of electric power, but it has also shown the performance advantages of electric power and wrapped it all up in a sleek, appealing, and expensive-but-attainable package. In other words, only one has made the electric car cool, and that’s the Tesla Model S.”

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