Electric car maker Tesla is expected to adjust pricing for its Model 3, Model S and Model X within days following the significant fall in value of the Australian dollar amid the Coronavirus crisis.
Sources who declined to be identified told The Driven that the price rise could be implemented by Friday, and that staff have been directed to seize the opportunity and push through sales before the weekend.
The price rise for the top selling Model 3 and the other models could add up to a few thousand dollars. The current price for the Standard Range Plus Model 3 starts at around $68,000 before on-road costs that differ from state to state, while the Model S is priced at around $125,000 and the Model X at around $134,000.
The Australian dollar has taken a beating in recent months, slipping from 70 cents against the American dollar in late December to less than 61.5 cents on Wednesday.
The last significant price hike by Tesla in Australia came just weeks after the Model 3, Tesla’s answer to the “affordable” electric car, was finally released on the Australian market in last September.
The base pricing of $66,000 (excluding on roads) for the Model 3 SR+ was raised to $67,600, and another $300 has been added to the price since then.
A spokesperson for Tesla confirmed with The Driven regarding past price changes that like other car companies, Tesla pricing is periodically adjusted to account for currency fluctuations, but declined to comment on the coming price hike.
To read the full version of this story – and view the photo gallery – on RenewEconomy’s electric vehicle dedicated site, The Driven, click here…
RenewEconomy and its sister sites One Step Off The Grid and The Driven will continue to publish throughout the Covid-19 crisis, posting good news about technology and project development, and holding government, regulators and business to account. But as the conference market evaporates, and some advertisers pull in their budgets, readers can help by making a voluntary donation here to help ensure we can continue to offer the service free of charge and to as wide an audience as possible. Thankyou for your support.
The lengthy delays at what would have been the country's biggest wind farm have forced…
The public remains largely in the dark about the full cost of the giant Snowy…
Amandine Denis-Ryan from IEEFA on what can be done about Australia's unique and unhealthy dependence…
For maximum readings, September came in as Australia's third warmest. For minimums, last month narrowly…
Diesel fuel tax credits earned over 10 years nearly equate the price of a huge…
Updated: The biggest wind farm to reach financial close in Australia in the last two…