Tesla To Launch Refreshed Model S, X Later This Year, Says Senior Exec

EV giant Tesla Inc TSLA will refresh its more premium car offerings- the Model S and Model X- later this year, senior company executive Lars Moravy said in an interview published on Sunday.

What Happened: Moravy, in an interview with Ryan McCaffrey recorded on Feb.13 and published on Sunday, said that the company intends to show its Model S and X vehicles “some love” and refresh them later this year.

Tesla last refreshed the Model S and X in 2021.

In the past two years, the company has focussed on refreshing its cheaper, mass-market offerings.

Tesla launched a refreshed Model 3 in Aug. 2023 in China and in the U.S. months later in January 2024. In January this year, the company also launched a refreshed version of its best-selling Model Y SUV.

Moravy said that the company focussed on refreshing the Model 3 and Y first as they are higher volume vehicles and refreshing them was needed for the company to stay competitive. However, the S and X are not going anywhere anytime soon, Moravy said.

“As Elon says, we definitely there’s some nostalgia to them and like keeping them around and like we don’t have any immediate plans to change that,” he said.

Why It Matters: The refreshes come amid concerns about an aging car lineup. Tesla’s latest offering is its Cybertruck which it started delivering in Nov. 2023. The vehicle, however, is a truck and caters to a different customer demographic.

The latest car from Tesla is the Model Y SUV, whose production the company started in January 2020.

The Model X, however, is Tesla’s priciest offering in the U.S. The base version of the Model X starts at $84,990, pricier than even the Cybertruck or Model S whose base versions start at $79,990.

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Image via Tesla