Tesla Raises Vehicle Prices (Again)

Tesla again increased prices for their US auto offerings for the third time in the United States in the past month.

Here’s a summary of the changes:

Model 3

Model 3 Standard Series + $ 500 raised ($ 37,990 to $ 38,490)

Model 3 Long Range non-performance $ 500 raised ($ 46,990 to $ 47,490)

Model 3 performance $ 1,000 raised ($ 55,990 to $ 56,990)

Model Y

Model Y Long Range non-performance $ 500 raised ($ 49,990 to $ 50,490)

Model Y performance did not change (held at $ 60,990)

Model S / Model X

Prices for Model S and Model X did not change (see table)

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2021 was a volatile year for Tesla’s US prices, as shown in the table below. After fluctuating during the first quarter, Model 3 prices are now up $ 500- $ 2,000, while Model Y is up $ 500- $ 1,000 since the start of the year. Tesla also raised the price of Model Y in China in late Q1.

In addition to Tesla’s record first-quarter results, the company’s price increases in the past month may also be a sign of strong demand. After Tesla delivered nearly 5,000 more vehicles than they produced in the first quarter, the vehicle’s inventory is only nine days. Traditionally, stocks from car manufacturers are approximately 60 to 80 days in stock.

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