Skip advert
Advertisement

Tesla to increase prices by 5%

Currency fluctuations to blame for the price rise on all new Teslas bought in 2017.

Tesla is set to push up its prices by 5% in the new year, according to reports. It says "currency fluctuations" are to blame.

The Guardian has reported UK dealers were made aware of the price increase earlier this week and prospective customers are being informed, too. An e-mail seen by newspaper said: "We have just received some information that we need to share with you – due to currency fluctuations, we will be increasing our UK prices for custom orders by 5% on 1 January 2017."

Advertisement - Article continues below

The move is only thought to affect newly ordered cars. Prices of showroom models and used Teslas will remain unchanged.

Prices of the Tesla Model S and Tesla Model X are expected to rise on 1 January 2017. The cost of the entry-level Model S 60 will increase by around £3,000 while the entry-level Model X 75D will leap by around £4,000.

While the Model S and Model X are still eligible for a £4,500 government plug-in car grant, they both cost more than £40,000, meaning from 1 April, they'll no longer be exempt from road tax under the new regime.

The news follows the announcement that Teslas ordered from 1 January onwards will not come with free lifetime access to the firm's network of high-speed 'Supercharger' points – although cars delivered up until 1 April that were ordered before the end of 2016 will still benefit. Newly ordered cars will come with Supercharging credits equivalent to around 1,000 miles of range, but once they're used, charges will apply.

However, Tesla says that using a Supercharger will still "cost less than filling up a comparable [petrol]-powered car".

Skip advert
Advertisement
Skip advert
Advertisement

Recommended

Tesla Cybertruck finally delivered: specs, prices and UK availability
Tesla Cybertruck side view
News
1 Dec 2023

Tesla Cybertruck finally delivered: specs, prices and UK availability

Most Popular

Porsche Macan Electric now £2,600 cheaper thanks to new entry-level model
Porsche Macan 4S Electric front quarter
News
16 Jul 2024

Porsche Macan Electric now £2,600 cheaper thanks to new entry-level model

Best new car deals 2024: this week’s best PCP finance offers
Carbuyer best new car deals hero
Deals
19 Jul 2024

Best new car deals 2024: this week’s best PCP finance offers

Kia Sorento review – a great SUV now made even better
2024 Kia Sorento UK drive
In-depth reviews
19 Jul 2024

Kia Sorento review – a great SUV now made even better

Tips & advice

View All
Car dashboard warning lights: the complete guide
Car dashboard symbols and meanings
Tips and advice
26 Mar 2024

Car dashboard warning lights: the complete guide

Electric car charging stations: a complete guide
Public EV charge point
Tips and advice
11 Jan 2023

Electric car charging stations: a complete guide

PCP vs HP – which type of car finance is right for you?
PCP vs HP
Tips and advice
17 May 2022

PCP vs HP – which type of car finance is right for you?

Average speed cameras: how do they work?
Average speed cameras: how do they work?
Tips and advice
21 Mar 2024

Average speed cameras: how do they work?

Best cars

View All
Top 10 best car interiors
Peugeot 208 hatchback
Best cars
25 Jun 2021

Top 10 best car interiors

Top 10 best electric cars 2024
Best electric cars
Best cars
16 May 2024

Top 10 best electric cars 2024

Top 10 best cheap-to-run cars 2024
The best cheap-to-run cars 2023
Best cars
2 Jan 2024

Top 10 best cheap-to-run cars 2024

The UK's top 10 fastest hot hatchbacks 2024
Fastest hot hatchbacks hero
Best cars
2 Jan 2024

The UK's top 10 fastest hot hatchbacks 2024