Tesla raises US price of Model X Plaid all-wheel drive by 5.6%
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FILE PHOTO: A Tesla Model X is shown at a Tesla service center in Costa Mesa, California, U.S., October 20, 2020. REUTERS/Mike Blake/File photo
(Reuters) - Tesla has increased the price of its Model X Plaid all-wheel drive to $94,990 from $89,990 in the United States, the electric vehicle maker's website showed on Thursday.
This comes a day after CEO Elon Musk said Tesla had managed to maintain demand with a series of price cuts but added he was concerned that rising interest rates would make cars unaffordable.
Higher financing costs meant the price of the popular Model Y SUV was "almost unchanged" for consumers despite price cuts, Musk said.
Earlier this month, Tesla cut prices for its Model 3 and Model Y vehicles in the U.S.
(Reporting by Chandni Shah in Bengaluru; Editing by Sohini Goswami and Savio D'Souza)
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