December 23, 2016

If you were looking to buy a Tesla in the UK, you might want to hurry because starting next year, its prices are going to go up by 5 percent.

What is this 5 percent increase?

Tesla is apparently now letting people know via email that its electric vehicles will be slightly more expensive starting from January 1st, 2017. While this 5 percent increase in price might sound trivial, when you consider that the Model S costs £58,900, the new price in 2017 will be £61,845. That’s £3,000 extra that you are spending.

So if you were thinking of getting Tesla’s EV, you should think about doing it before the end of the year. Fortunately, it seems like second-hand and showroom models won’t be affected by the price increase.

On top the 5 percent hike, Tesla will no longer be offering free, unlimited access to its Supercharger stations with newly purchased vehicles next year. Although the company hasn’t unveiled what it plans to charge its customers, one thing is for sure: it’s going to be more money than you would’ve spent otherwise.

This isn’t the first time for Tesla

This is actually not the first time that Tesla has increased its prices in the UK. Just back in October, the UK saw a 3 percent increase in Tesla EV prices, and it’s pretty easy to guess why. As Tesla explains, the increases in pricing are due to currency fluctuations after Brexit.

Tesla isn’t the only company: Apple, Dell, Microsoft, and OnePlus have all adjusted their prices following the UK’s decision to leave the EU. And as financial ambivalence continues up until the actual exit and especially during the post-exit chaos, companies are most likely to keep adjusting their pricing for UK consumers.

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