Tesla Gives UK Buyers Two Weeks to Dodge Brexit Price Increase

Tesla Motors (NASDAQ:TSLA) has postponed a price increase by two weeks. The US electric-auto manufacturer’s plans to raise prices five percent in the UK have been put off until Jan. 15 from the original beginning-of-the-year deadline, Tesla said Monday in an e-mailed statement, saying that vehicles ordered by then and built by mid-April will continue to have free access to the company’s Supercharger battery network that’s otherwise subject to new fees.
As quoted in the press release:

“Due to exceptionally high demand at the end of the year, we’ve extended the order date by two weeks for customers who were unable to finalize their purchase” by Dec. 31, Tesla said.
Tesla is increasing prices in Britain in response to the pound’s plunge since the country’s referendum in June to leave the European Union. The Palo Alto, California-based manufacturer only gave customers a week’s notice of the shift. The Model S, Tesla’s most popular vehicle, currently costs 58,900 pounds ($72,400), according to its website, which says drivers save about 6,500 pounds on gasoline and taxes over a five-year period.

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