Cheapest Tesla Model Y now costs over $60,000 with latest price increase

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It is now a $60,000 SUV.

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Another day, another Tesla price hike. The electric carmaker has made a habit of raising the price of its least expensive electric SUV, and this past weekend, Model Y Made a $60,000 vehicle. After a destination fee of $1,200, the Model Y now costs $60,990. The new price represents a new $1,000 price increase for anyone who orders the Model Y long range.

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With the rise, the Model Y becomes a $60,000 vehicle, with no cheaper options available after an incredibly short-lived Model Y Standard Range Started and died in a flash. The cheaper version is dead and gone, with the Model Y technically $17,000 more expensive than it was earlier this year. However, that didn’t stop buyers from gravitating towards the SUV. Model Y is responsible for the massive uptick EV registration Across the US this year, even with several price hikes.

Tesla’s saving grace may come from legislation stalled in Congress Biden’s Build Back Better Agenda, If the bill passed both chambers, as it reads, Tesla buyers could get about $8,000 back on their taxes, with a refundable EV tax credit. Today, Tesla is not eligible for the $7,500 nonrefundability even after reaching the 200,000 cap years ago.

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