Tesla raises Model X prices by $5,000 in the U.S.

According to the company's website, Tesla (NASDAQ: TSLA) increased the price of its Model X sedans in the United States by $5,000.

The price hike took effect on Thursday, and the Model X ALL-Wheel Drive will now cost $84,990, up from $79,990. The Model X Plaid variant, formerly priced at $94,990, will now cost $99,990.

Tesla (NASDAQ: TSLA) hiked the pricing of its Model S automobiles in the United States by $5,000 in December of last year and all of its models in Canada by the same amount on February 1.

Tesla's (NASDAQ: TSLA) stock price is expected to plummet in 2025, down 7.3% year to date, amid concerns that European demand may weaken. During January, sales in Germany fell 59.5% year on year, while Sweden, Norway, Denmark, and the Netherlands all suffered more than 40% declines.

On Thursday, the stock price fell 0.93% to $370.83 in after-market trading.