29 Nov '12, 8pm

Tesla Model S base price increases $2,500 to $59,900

Tesla Motors Sets New Pricing for Award-Winning Model S New Pricing Reflects First Increase in Four Years at Only Half the Rate of Inflation PALO ALTO, CA -- (Marketwire) -- 11/29/12 -- Tesla Motors (NASDAQ: TSLA) originally unveiled the Model S in March 2009 with a base price of $57,400 ($49,900 after federal tax credits). Today, Model S is the most award-winning car of the year and the base price remains at $57,400, the same price set over three and a half years ago. During this same period of time most automotive companies have had at least three price increases and general inflation (CPI) has gone up 8.75 percent. A straight 8.75 percent CPI increase would now yield a base price for Model S of $62,400, an increase of $5,000. Tesla is increasing prices only half that amount, giving Model S a new base price of $59,900 before federal tax credits. The price increase announ...

Full article: http://green.autoblog.com/2012/11/29/tesla-model-s-base-p...

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