Tesla's Wall Connector is Back to $495 as Automaker Decides to Drop Its Price

Tesla has increased the prices of its electric vehicles, but on Mar. 17, the automaker has decided to make an exemption for one of its popular products, the Wall Connector.

Tesla's Wall Connector Drops Price

Tesla's Wall Connector is used a home charging station and for the car company's Destination Charging Network. It is a very popular charging station because of its price and its power capacity, according to Electrek.

For years, the product was sold for only $500, which made it one of the cheapest home charging options on the market, with a significant capacity of up to 11.5 kW/48 amp.

Just like most Tesla products, especially its electric vehicles, the price of Wall Connector shot up to $550. Together with other car companies, Tesla has been under supply chain pressure that has been affecting its pricing.

Although $550 is not a significant price increase, a lot of customers noted that the difference could be felt.

Also Read: ALL Tesla EV Basic Prices and Estimated Delivery Time This 2022; Second-Hand Prices to Increase?

Now, Tesla is dropping the price of the product back to $4955 in an update to its online shop. At that price, the only other competitive chargers when it comes to the price are home stations like the Grizzl-E Level 2 EV Charger.

As the main solution for home charging for Tesla buyers, the Tesla Wall Connector is very popular. There are thousands of units deployed around the world.

In order to offer different looks, Tesla released new charger faceplates that match the car colors of 2021.

Tesla's Price Hike

On Mar. 15, Tesla has decided to increase the prices of its electric vehicles in the United States and China after the company's CEO Elon Musk warned of inflation pressure on the business.

The car company raised the prices of all its car models in the United States. In China, the version of the Tesla Model 3 and the Tesla Model Y saw price hikes. It is the second increase within the week, according to The Verge.

Tesla did not provide a reason for the increases. The auto company was not immediately available for comment when contacted by CNB.

But Musk stated that Tesla and his space firm SpaceX had seen significant recent inflation pressure in raw materials and logistics.

Materials like nickel, the main component of Tesla's electric vehicle batteries, are on the rise. Meanwhile, a flare-up of COVID-19 cases in China and lockdowns in some cities have added a further challenge to already-stretched supply chains. Critical components like semiconductors are still in short supply.

The Model 3 Rear-Wheel Drive is now $46,990 from its original price of $44,990. The Model 3 Long Range is now $54 490 from its original price of $51,990, according to CNBC.

The Model 3 Performance is now $61,990 from its original price of $58,990. The Model Y Long Range is now $62,990 from its original price of $59,990.

The Model Y Performance is now $67,990 from its original price of $64,990. The Model S Dual Motor's original cost $94,990 is now $99,990. The Model S Tri-Motor is now $135,990 from its original price of $129,990.

The Model X Dual Motor's original price of $104,990 has shot up to $114,990, and the Model X Tri Motor is now $138,990 from its original price of $126,490.