Tesla increases Model X price, brings back incentive Elon Musk said was ‘not coming back’ - Related to brings, was, will, regulations, ‘not

BMW Will Keep the Gas-Powered M3 'As Long as Regulations Allow'

BMW is rumored to launch its first electric M3 in 2027. We already know it won't outright replace the gas model, with the corporation confirming the next-gen M3 will also get a straight-six engine, just like the current car. Thankfully, it sounds like the ICE-powered M3 will be sticking around for a while... so long as the law allows it.

BMW M vice president for customer, brand, and sales Slyvia Neubauer confirmed as much in a recent interview with the Australian publication CarExpert.

“We offer all-electric M Performance models in most segments that deliver the genuine M feeling without any local emissions," Neubauer expressed. "But, we also believe that there will be room for other driver technologies, such as hybrid or conventional drives."

Photo by: BMW The upcoming electric M3, shod in camouflage.

With demand for EVs leveling off, keeping the gas-powered M3 around makes sense. Not every M3 buyer will want to switch to electric, even if it offers more performance. We've known for nearly a year BMW is planning to keep both iterations in the lineup, thanks in part to relaxed emissions regulations.

“You can trust us, we are prepared for the future," Neubauer told CarExpert. "I can also reassure you the all-electric M3 that I just mentioned, will have a brother with a combustion engine. They will exist in parallel. So no matter what the customer demand is, we will be able to cater for all needs in any market, as long as regulation allows.”.

The electric M3 will debut first in 2027 as a direct replacement to the current car, before a new gas-powered M3 is introduced in 2028, . Like the new M5, it's likely to gain hybrid power, though we suspect M will simply use a 48-volt mild hybrid setup to keep weight down (the M5 is a full-fat plug-in with a sizable battery).

BMW hasn't confirmed any of this info, so take it with a grain of salt. One thing we're sure of, though, is that the next gas M3 won't get a manual transmission. A board member told the media last year the stick shift's days are numbered at the corporation. So it's likely that the stick will be phased out of the M3 and M4 after this generation is done. Tragic.

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Tesla increases Model X price, brings back incentive Elon Musk said was ‘not coming back’

Tesla has increased Model X prices and brought back an incentive that CEO Elon Musk mentioned was unsustainable and “not coming back to any vehicles.”.

Today, Tesla updated its Model X configurator in the US to raise the prices of the electric SUV by $5,000.

The new prices are $84,990 for the Long Range version and $99,990 for the Plaid version:

The price increase means the Model X ino longer qualifies for the $7,500 Federal EV tax credit as it now exceeds the $80,000 price cap for electric SUVs.

But with the price increase, Tesla is ramping up the incentives.

Tesla brings the price down by $1,000 with a referral code, it gives one option for free if you buy the Full Self-Driving package, and it is bringing pack “free Supercharing for life.”.

The latter, Tesla stopped offering because CEO Elon Musk expressed it was unsustainable.

Back in 2020, the CEO mentioned that it will “not come back to any [Tesla] vehicles”:

“Just us being fools, but free Supercharging forever is not coming back to any vehicles. It’s not a good incentive structure.”.

However, it did bring it back last year as an “end-of-the-year incentive.”.

But now, Tesla is bringing it back for Model S and Model X, and it applies to orders from the US, Canada, Puerto Rico, Europe and Middle East.

Tesla has made some changes to the program. Instead of being linked to the vehicle, meaning free Supercharging would remain if you sell it, it is now attached to your Tesla account.

The automaker also says that it doesn’t apply to vehicles used for commercial purposes:

“end-clients who purchase or lease a new Model X are eligible for free Supercharging during your ownership of the vehicle. Offer is tied to your Tesla Account and cannot be transferred to another vehicle, person or order, even in the case of ownership transfer. Used vehicles, business orders and vehicles used for commercial purposes (like taxi, rideshare and delivery services) are excluded from this promotion.”.

However, Tesla also expressed that the last time, but it is hard to enforce.

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What On Earth Is Going On At Tesla?

I'm not sure you can talk about electric cars or the global transition to electrification without talking about Tesla. And you can't talk about Tesla without talking about Elon Musk.

That's been the case for well over a decade now. But I'd argue it's even more true as Tesla faces declining sales globally, is on the cusp of relaunching the world's best-selling car, and is making a gigantic, unproven artificial intelligence play—all while Musk sets up shop in Washington [website] and starts to—illegally, —take apart bits of the federal government.

What a sentence to write. What a moment to cover. And here at InsideEVs, asking what this all means for the world's longtime leader in EVs is a material question.

It's one that we look into on today's episode of the Plugged-In Podcast. My co-host Tim Levin and I will examine Tesla's most recent earnings call and try to game out where things are going this year.

But it's not all Elon, all the time around here—thankfully. We're also talking to Frank Reig. He's the CEO and co-founder of Revel, an electric rideshare business in New York City that's rapidly expanding into the DC fast-charging space and may be seen in your town soon enough.

Why do you care if you don't live in New York? Well, besides Revel's big expansion plans, it's no secret that the Big Apple is one of the hardest places in America to build anything. But to paraphrase Frank Sinatra and Jay-Z, if you can build it here, you can build it anywhere. And that includes EV infrastructure. We had a great chat and we hope you'll enjoy it too.

Our podcast is available on the InsideEVs YouTube channel (and it will be embedded here shortly) and all major audio platforms: Apple Podcasts, Spotify, iHeart Radio and Audioboom. New episodes drop every Friday.

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