Telsa has confirmed it will be raising its prices from the middle of January, seemingly in the wake of Brexit.

An email from Tesla Motors initially said that from January 1 prices would be set to rise by 5 per cent due to "currency fluctuations". Later, the company delayed the increase by two weeks so it will now coincide with the end of free Supercharger access for new vehicles. Any orders placed after January 15 will pay the higher rate and will no longer qualify for free unlimited refuelling on Tesla's charging network.


There were also reports on Twitter and Tesla forums of people being warned about impending price rises in the New Year when shopping at showrooms. The increases will push the price of a Model S in the UK up to £55,020 from £52,400, for example.

In order to see this embed, you must give consent to Social Media cookies. Open my cookie preferences. Email from @TeslaMotors. “Due to currency fluctuations we will be increasing our UK prices by 5% on 1st January 2017”. — Bond Vigilantes (@bondvigilantes) December 22, 2016

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Since the vote to leave the EU, prices for the likes of Marmite, Toblerone, and – most recently Lego – have increased.

Similar to the price rises expected from Telsa, Lego prices are expected to increase by five per cent from next month. The Danish toy company confirmed this was also due to currency fluctuations.

In a letter signed by Fiona Wright, Lego UK and Ireland's general manager and vice-president, the company revealed the price hike is a "direct result of the continuing devaluing of the UK Pound", per The Guardian.


Leon Neal / Getty Images

Wright's letter goes on to say that the Lego Group was monitoring the exchange rates closely and hoping the Pound would recover. However, as the "complete opposite has occured" and the Pound is down approximately 20 per cent, "holding prices is no longer sustainable for Lego Company Ltd."

Already, companies such as Microsoft, Apple, and OnePlus have raised costs, while Japanese company Softbank was able to acquire UK-based ARM for £24bn less than it would have cost prior to June 23.