Inflation At Work – Tesla Increase Car Prices By Up To $6,000

If you plan to order a new Tesla today, you’re in for some sticker stock. The company has raised the price on their cars by as much as $6,000! To top it all off, this come only three months after the last round of broad price increases.

The entry-level RWD Model 3 remains at $46,990, but the Long Range AWD is now $2,000 higher ($57,990). The price of the Model 3 Performance remains at $62,990.

The Tesla Model Y Long Range now starts at $65,990, which is $3,000 higher than before. The Performance version is now $2,000 more expensive, at $69,990.

In the case of the Tesla Model S and Tesla Model X, Tesla increased the price of Long Range versions by $5,000 and $6,000 respectively. The Plaid versions experienced no price increase.

Tesla Model 3

  • RWD: no change ($46,990)
  • Long Range AWD: up $2,000 (or 3.6%) from $55,990 to $57,990
  • Performance: no change ($62,990) since April 2022

Tesla Model S

  • Long Range AWD: up $5,000 (or 5.0%) from $99,990 to $104,990
  • Performance: no change ($135,990)

Tesla Model X

  • Long Range AWD: up $6,000 (or 5.2%) from $114,990 to $120,990
  • Performance: no change ($138,990)

Tesla Model Y

  • Long Range AWD: up $3,000 (or 4.8%) from $62,990 to $65,990
  • Performance: up $2,000 (or 2.9%) from $67,990 to $69,990

Reuters says that Tesla has increased the prices in response to persistent global supply-chain problems and soaring raw material costs. I would add that strong demand for Tesla EVs is also a factor in the prices going up. If you order a long range Model Y right now, you can expect delivery in Jan-Apr, 2023.

Tesla US Pricing as of June 16, 2022

Source: jhonchow

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