Tesla has increased Model X prices and brought back an incentive that CEO Elon Musk said was unsustainable and

Tesla hiked Model X prices in the US by $5,000, raising the base model to $84,990 amid slowing EV demand and margin pressures.

Between falling sales, shrinking market share and its CEO distracted by ruining the lives of millions of Americans, Tesla is in a weird spot right now. However, that doesn’t seem to have stopped it from increasing the price of its Model X crossover, one of the oldest vehicles it makes.

Tesla has hiked prices on its Model X by $5000, making the all-wheel drive version ineligible for a federal EV tax credit of $7,500.

Tesla (NASDAQ:TSLA) increased the price of its Model X cars in the U.S. by $5,000, the company website showed.

Tesla raised the prices of its Model X cars in the United States by $5,000 on Thursday, according to its website.