Tesla (NASDAQ:TSLA) 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.
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 U.S.