Tesla has raised its prices again, with some models increasing by as much as $6,000. The automaker has raised prices for its luxury electric vehicles multiple times this year, including a major price hike twice in the same week in March and a smaller increase on some Model 3s in April.
Tesla has raised prices on select Model 3, Model Y, Model X, and Model S vehicles, Electrek reports. The biggest price hikes affect the Dual Motor All-Wheel Drive version of the Model X, which has seen a $6,000 increase from $114,990 to $120,990, while the Dual Motor All-Wheel Drive configuration of the Model S has increased by $5,000 from $99,990 to $104,990. Tesla's most affordable car, the Model 3, has been spared the most significant price hikes.
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However, one version of the Model 3 is seeing an increase. The Long Range version of the Model 3 has increased in price by $2,500 from $54,490 to $57,990. However, the price of the most affordable Model 3 version sold online, the Rear-Wheel Drive model, remains the same at $46,990. That was the price it went up to during Tesla's last big round of price increases in March.
The Long Range Model Y also increases from $62,990 to $65,990 (a $3,000 price increase), while the Performance model increases by $2,000 from $67,990 to $69,990.
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Such price hikes have been relatively common across Tesla’s lineup in recent years . A year ago, the company’s CEO Elon Musk blamed them on supply chain pressures, with raw material costs and a global chip shortage proving particularly problematic . This year, the company has to contend with rising inflation and transportation costs in the U.S. and around the world, putting upward pressure on its bottom line. So far, Elon Musk has not publicly commented on the latest price hikes.
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A few years ago, we were faced with a completely different situation. Tesla was slashing the price of its most affordable Model 3 in an effort to make it an affordable option for the mass market. But now, the company's prices are a far cry from the original $35,000 price point it had been targeting for so many years.
Source of information: theverge.com
