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.
James Petesic from PV Industries on the struggle to stay afloat with the federal PV…
Net Zero Commission says Australia's biggest state economy is falling well short of targets, despite…
Regulator says it has suspended 21 companies from the scheme supporting rooftop PV and home…
State government grants to help telcos upgrade mobile and internet black spots as part of…
Contracts awarded for concrete foundations and other early works for ten huge spinning machines required…
Mine backed by net zero opponent Gina Rinehart achieved 90 per cent renewable share in…