Brexit prompts Tesla to bump UK prices by 5% due to "currency fluctuations"

Discussion in 'In the News' started by Teslarati Bot, Dec 24, 2016.

  1. Teslarati Bot

    Teslarati Bot New Member

    Dec 6, 2016

    [​IMG]Tesla has announced that, starting January 1, 2017, prices on its vehicles by 5% in the United Kingdom as a result of “currency fluctuations” in conjunction with the Brexit vote. In an email seen by the Guardian states, Tesla states “We have just received some information that we need to share with you – due to currency fluctuations we will be increasing our UK prices for custom orders by 5% on 1 January 2017.”
    Tesla UK staff have contacted prospective customers to apprise them of the price change on both the Model S and the Model X. Increases will not affect cars currently in UK showrooms or on previously owned vehicles.

    The Brexit vote was a referendum posed to voters whether the country should “remain a member of the European Union” or “leave the European Union.” Voters chose the latter option. Since that vote, the pound has lost more than 15% of its value against the dollar.
    Tesla had already increased UK car prices by 3% in early October, and is not alone in its decision to raise prices yet again. Fashion retailer, Next; electrical goods retailers Dixons Carphone and AO; and computer manufacturer, Apple have all raised prices on products sold to the UK market as a result of currency instability. Microsoft and Dell have indicated that they, too, will be adjusting price of goods . The weakness of sterling has the correlating effect of elevating prices as importing costs rise.

    Article: Brexit prompts Tesla to bump UK prices by 5% due to "currency fluctuations"

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