New Tesla Model S Pricing Announced For Jan 1, Battery Pack Costs Too

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2013 Tesla Model S

2013 Tesla Model S

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As of January 1, it'll cost you more to buy a 2013 Tesla Model S--as the company said last week.

Now, Tesla Motors [NSDQ:TSLA] has released the details of the price increases on the different versions of the Model S all-electric luxury sport sedan.

The new prices are $59,900 for the base version with a 40-kilowatt-hour battery pack, $69,900 for the mid-range 60-kWh model, $79,900 for the top-end 85-kWh level, and $94,900 for the Performance model, which also uses the 85-kWh pack.

That means each car has risen by $2,500. Tesla says that figure is half of what an inflation-adjusted figure might be, given that the company priced the Model S way back in 2009.

Those prices will apply only to buyers who put down a deposit starting January 1 or later.

To sweeten the deal, all Model S cars from January 1 get 12-way adjustable, heated front seats for no extra cost.

Performance Package cars get 19-inch wheels as standard, with 21-inch wheels for $3,500 extra. A new red multi-coat paint shade is also available, for $1,500. Production of the new red shade starts in March 2013.

Any rush by uncommitted buyers to put down deposits on or before December 31 of this year can only help Tesla's quarterly and annual financial results, which will be announced in January.

With European pricing announced very soon, Tesla will also deduct 1,700 Euros (or its equivalent in other European countries) from the base price of a Model S, for any European buyer putting down a deposit by end of day on December 31, 2012.

Batteries from $8,000

Tesla also released pricing for replacement battery packs, giving current and future owners a better sense of what it will cost to own their electric sport sedans over a decade or more.

The price of a 40 kWh pack is $8,000. Another $2,000 gets the 60 kWh pack, and the 85 kWh pack costs another $2,000 on top of that.

The company suffered some criticism by owners and depositors who disliked its mandatory $600-per-year service requirement in order to keep their Model S warranties valid, since battery electric cars require little maintenance beyond inspections and new tires and wiper blades.

But now owners can calculate the cost of potentially replacing a battery pack over the car's longer term life.

Extended warranties, servicing

Long-term ownership costs can be calculated further with the introduction of a new four-year, 50,000-mile extended warranty. This joins the standard four-year, 50,000-mile warranty, and costs an extra $2,500.

Likewise, buyers can purchase an extra four years and 50,000 miles of prepaid maintenance--to add to the previous $600-per-year service package--for an additional $1,900.

Price increases are rarely something to celebrate, but with new features and extended peace-of-mind options, 2013 will still be a good year for Model S buyers.


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Comments (16)
  1. Did I do the math wrong or is that $200/KWH? This number is well below any numbers reported here on Green Car Reports.

  2. Does the price include installation? If so that's incredibly cheap. I wonder what price Nissan is going to be able to sell their packs at.

  3. I would assume this price is after the core return of the original battery.

  4. I think this would be after 8 years when the first battery runs out of warranty.
    "This option will provide you a new battery anytime after the end of the eighth year at a fixed price"

  5. So if Tesla gets 3% annually on the battery replacement money over 8 years, an 85kWh battery = $15,200?

    Seems outrageously low. Or maybe my math is outrageously bad?

  6. There are more comments in this thread
  7. Bummer. I was hoping the price would go down, not up. Doesn't bode well for their ability to pull off their mid-range next-gen $35,000 vehicle.

    However, with the Model S, supply and demand says they can raise the price a little.

  8. a lot of talk at MNL about this as well. I for one would not prepay for the current battery pack especially when there is already rumors flying around stating pack upgrades for 2014.

    Its easy to see someone prepaying for an 85 Kwh pack since in 8 years, it might only be slightly out of date but lets face it; with no TMS, the LEAF pack is already obsolete

  9. @Antony - why don't you ask Tesla to explain the battery pack pricing. If I have a Tesla today with 85kWh pack and $12,000 how much more to remove old one and put in new cells? My guess is 2x that!
    Also, to be careful of is what good is a extended warranty if Tesla continues losing money and goes out of business? Maybe that is Musk's grand plan, go thru bankruptcy, shed a lot of debt, screw his investors and stockholders and start over!

  10. Frustrated shorter?

  11. @Anne: Huh?

  12. John, doesn't Anne just mean someone who's shorted Tesla stock in the past?

  13. @Robok: I haven't the vaguest idea what Anne means. That's why I asked. :) You could be right; only she can confirm or correct.

  14. Yes, Richard, there are certainly reasons to question Tesla's long term viability, since it's very difficult to create a new automotive OEM.

    OTOH, your love of blind, irrational attacks on Tesla and Mr. Musk himself are already straining credulity. If Mr. Musk wanted to scam, why go through convoluted bankruptcy and lose much of his personal fortune just to start over?

    It really, personally bothers you that Mr. Musk actually believes in something, while you apparently believe in nothing more than attacks on an innovative company and a person actually trying to make a difference.

    Only you could take an article about a slight price increase and accuse someone of intentionally manipulating bankruptcy laws and investors. Same old nonsense...

  15. "Also, to be careful of is what good is a extended warranty if Tesla continues losing money and goes out of business?"

    You wouldn't buy the car in the first place let alone the extended warranty then would you?

  16. Looks like they are anticipating much lower costs by the time owners begin breaking their batteries in out of warranty incidents. Of course since the service centers are not owned by dealers all charges for service and labor will flow back to Tesla, increasing their income per battery installation.

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