Tesla Model S Update Is Reportedly on the Way, Price Hike May Be Included

Tesla might update the Model S with more luxury features and practical elements, company insiders say. The update would come four years after the market rollout of the Model S, so this can be considered a mid-cycle refresh. The carmaker is reportedly adding these new features to keep up with competition from the German premium trio, which provides significantly refined interiors in the same price bracket. Tesla …