2013 Tesla Model S Gets Price Increase; Company's Cash Flow Improves


  • 2013 Tesla Model S Picture

    2013 Tesla Model S Picture

    The 2013 Tesla Model S has a new base price of $59,900 before federal tax credits. | December 04, 2012

Just the Facts:
  • The 2013 Tesla Model S has a new base price of $59,900, reflecting a $2,500 price increase, the automaker announced.
  • Tesla was cash flow positive last week, said Elon Musk, Tesla CEO on Monday in a posting on Twitter.
  • Tesla said the Model S price increase will not apply to anyone who has or makes a reservation by December 31.

PALO ALTO, California — The 2013 Tesla Model S has a new base price of $59,900, reflecting a $2,500 price increase, the automaker announced.

Pricing does not include a destination charge and does not reflect a $7,500 federal tax credit. Tesla said the price increase applies to each Model S variant.

In some encouraging news, Tesla was cash flow positive last week, said Elon Musk, Tesla CEO on Monday in a posting on Twitter.

"Am happy to report that Tesla was narrowly cash flow positive last week," Musk wrote. "Continued improvement expected through year end."

The company did not elaborate on Musk's comment. Tesla is ramping up production of the Model S at its factory in Fremont, California.

Tesla said the Model S price increase will not apply to anyone who has or makes a reservation by December 31. The price increase goes into effective January 1.

"These reservations will begin deliveries several months later, which means the new prices will actually go into effect over four years after we originally set base pricing for Model S," said Tesla in a statement. "We believe it is a positive reflection on our design process and disciplined, long-term planning that enables us to increase prices for the first time in four years at only half the rate of inflation."

After the price change, all vehicles will include 12-way adjustable, heated front seats as standard equipment.

The Model S Performance package will include 19-inch wheels and tires as standard equipment; 21-inch wheels and tires will be a $3,500 option.

The new 2013 red multi-coat exterior paint will now be available to order, the automaker said. It is priced at $1,500. Production of the new red exterior paint treatment will begin in March.

Edmunds says: Unlikely that the price increase on the Tesla Model S will deter prospective buyers.

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