Tesla's Model 3, Model Y prices rise again

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Willing to pay more – again.

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Prepare to Pay More for New Tesla Model 3 Or Model Y. This week, the automaker quietly updated its online configurator and increased the prices of both its EVs. Now, the least expensive Model 3 will be $43,490 after the $1,200 destination fee (an increase of $2,000). The Model Y climbed to $54,990 after the same $1,200 destination fee, meaning an overall $2,000 increase for the Model Y Long Range.

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As for the rest of Tesla’s cars, the Model 3 Long Range hangs on to its previous price tag of $49,990, while Model 3 Performance $1,000 rose to $57,990. The Model Y Performance, the only other Y variant on sale, is now $61,990 – an increase of $1,000.

Tesla has been on a tear this year: It has increased prices several times, sometimes as often as every two weeks. Although Tesla does not operate a public relations department to request for comment, CEO Elon Musk addressed price jump earlier this year. According to Musk, supply chain issues are plaguing so many industries. However, this could be a much-needed cover for the brand to increase margins on EVs. Musk has also warned employees in the past that the company needs to focus on real profit After being placed in the black largely due to regulatory credit sales.

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