Tesla Motors Inc (TSLA): Model S reportedly priced at $95,000 in Australia

Posted Jun 6, 2014

Tesla Motors Inc (NASDAQ:TSLA) is going to start selling the Model S in Australia for $95,000, according to sources with Gizmodo. The price is actually expected to be set officially next week. Tesla’s customers that registered their interest in the Model S have been contacted and were given Signature Reservation slots. The advanced negotiations are underway for buyers to pick up their cars in the near future.

The $95,000 price tag is for the stock 60kWh Tesla Model S, which normally costs slightly over $81,000 U.S. in North America. The additional charge is due to Australian taxes, which includes the 10% Goods and Services Tax (GST), the Luxury Car Tax, and Stamp Duty.

The 85kWh Tesla Model S is nearly double the base price at a cost of $200,000. However, this price is still cheaper than the BMW M5 in Australia ($230,000).

In early 2015, Tesla Motors plans to build a Supercharger network in Australia. This will let Model S owners plug in and charge cars for free.

[Source: Gizmodo]