Price evolution of a Tesla model X in the United States

1. Relevance of the price of a Tesla model X
2. Price evolution of a Tesla model X
   1. Absolute price of a Tesla model X per year
   2. Inflation adjusted price of a Tesla model X per year
3. Conclusion
4. FAQs about a Tesla model X's price in the the United States
5. Price evolution table and full chart

Price evolution of a Tesla model X

The average price of a Tesla model X between 2016 and 2023 was $72,145, with the lowest price being $48,283 in 2016 and the highest $102,957 in 2022 (at least within the timeframe we have data for).

Absolute price of a Tesla model X per year

Our data source for this article was: cargurus .

The absolute price of a Tesla model X in the the United States has gone from $48,283 in 2016 to $101,661 in 2023. That's an absolute increase of $53,378, or 110.55% in a period of 7 years. (go to the next section for inflation-adjusted values).

This increment has not been linear though. During this period of 7 years the price of a Tesla model X actually decreased year over year 1 times, in 2023.

The biggest absolute price decrease in the price of a Tesla model X was in 2023, when the price dropped by $-1,296, or -1.26%. The biggest price increase was $23,452, or 29.5% in 2022.

With the price increasing most years, it comes as no surprise that the price of a Tesla model X today is higher than what it used to be some years ago.

Inflation-adjusted price of a Tesla model X per year

As accurate as the information above might be, it can also be somehow deceiving. This is because the value of money changes over time, usually decreasing. That means that $1 of today's money cannot buy as much as $1 in the past. This phenomenon is called inflation, and can make it complicated to compare historical pricing data. Luckily, we can adjust for it and calculate what a dollar value of the past would be equal to in today's money.

So let's not take a look at the evolution of the price of a Tesla model X in the the United States, in that same 7 years period between 2016 and 2023, but adjusting prices to inflation (aka. in today's money).

When we adjust for inflation, we see that the price of a Tesla model X also peaked in 2022, when it cost $117,042 (in today's money), and was at its lowest in 2016 when it sold for $62,746.

The biggest drop in adjusted price happened in 2023, when the inflation-adjusted price dropped by $-10,034 (-8.57%). Even when adjusting for inflation, the biggest price increase of a Tesla model X was still in 2022. However, the $23,452 jump actually felt like $22,412 to the consumer due, to the effect of inflation.

The average price of a Tesla model X during this period of time, adjusting for inflation, has been $85,596, and the most current price of $101,661 is 18.77% above that average.

Conclusion

The absolute price of a Tesla model X has increased by $53,378 ($111%) since 2016. But that comes as no surprise, as prices always tend to increase over time due to inflation.

Now, as we've explained earlier, the absolute price of a product does not necessarily represent its affordability fairly. For that we have to look at its inflation adjusted price, or in other words, the price evolution in today's money.

When we look at the inflation-adjusted price of a Tesla model X, we see that it has varied ± 31.72% over this period of time, and is currently 18.77% more expensive than the average over these years .

Even when adjusting prices for inflation, a Tesla model X prices are still higher in 2023 than they were in 2016. Although, considering the complexity of the economy, that price increase is not huge.

That being said, the current price of a Tesla model X might be somehow close to what it was in 2016 (in today's money, of course), but it has had so much volatily over the years that it's really hard to predict how it might evolve from here.

FAQs about the price of a Tesla model X in the the United States