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Investing.com -- Tesla (NASDAQ:TSLA) has announced a price increase for its Model X vehicles in the United States. The all-wheel drive variant of the Model X will now be sold for $84,990, up from its previous price of $79,990.
Additionally, the price of the plaid variant of the Model X has been raised to $99,990 from its earlier cost of $94,990. This information was confirmed via Tesla’s official website last Thursday.
This is not the first price adjustment Tesla has made in recent times. Last December, the electric vehicle manufacturer increased the prices of its Model S vehicles in the U.S. by $5,000. Furthermore, starting from February 1, Tesla raised the prices of all its models in Canada.
The company has not provided any specific reason for the latest price increase in the U.S. However, Tesla has been actively working on reducing car production costs.
In January, the company reported that the average cost of materials and labor for manufacturing its vehicles reached its lowest point in the fourth quarter, attributed to a decrease in raw material prices.
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