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.
Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread
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 US.
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