Saturday, October 23, 2021

Tesla increases Model 3, Model Y prices: Report

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San Francisco, Oct 6 (IANS) Electric vehicle maker Tesla has implemented a price increase across its entire Model 3 and Model Y lineup in an overnight update to its online configurator in the US.

The price of Tesla Model 3 Standard Range Plus went from $39,990 to $41,990, Tesla Model 3 Long Range AWD price stayed at $49,990 and Tesla Model 3 Performance price went from $56,990 to $57,990, auto-tech website Electrek reported on Wednesday.

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The most significant change is the $2,000 price increase to the Model 3 Standard Range Plus, which has been Tesla’s cheapest car.

Earlier this year, the same version of the car was starting at $36,990, which is a $5,000 or 13 per cent price increase for Tesla’s cheaper vehicle over just seven months.

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Meanwhile, Tesla Model Y Long Range Dual Motor price went from $52,990 to $54,990 and Tesla Model Y Performance price went from $60,990 to $61,990.

The Model Y Long Range, which is the cheapest version of the electric SUV, has now seen $4,000 in price increases since April.

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CEO Elon Musk had earlier said that the price increases were partly due to Tesla facing supply chain issues throughout the year, like the rest of the industry.



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