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Tesla Raises the Model S Base Price to $59,900

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Tesla has announced that it is raising the prices for the Model S sedan, which now starts at $59,900, which is up from $57,400 ($49,900 after federal tax credits). The price increase applies to new reservations starting January 1, 2013. Although Tesla is raising the pricing for the Model S, Tesla is quick to point out that the initial starting price was announced in March 2009, which is over three and a half years ago.

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"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."

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