Tesla Raises Price of Autopilot Option by 500

Tesla Motors Inc. TSLA -0.35 % raised the price of its semi-autonomous Autopilot option by 500, the latest move by the Silicon Valley auto maker to adjust prices and options on its electric vehicles. The move comes the same week that the company made a more capable battery pack available for its Model S sedan and Model X SUV. The new 100 kilowatt-hour batteries will enable the sedan to achieve as much as 315 miles on a charge and significantly increase acceleration times, the company said Tuesday. It also takes the price of the car to 134,500. Earlier in August, Tesla started offering a new 593-per month lease on its base Model S sedan.