On a day when you shouldn’t believe everything you read online, this story is actually true.
Tesla has raised the price of the Model 3 Rear-Wheel Drive in Germany by nearly $10,000.
According to an update to the Design Studio, the entry-level electric sedan now costs €49,990 ($$69,100 CAD/$55,100 USD), an increase of €7,000 ($9,700 CAD/$7,700 USD). (h/t: @tesla_adri)
With the price increase, the Model 3 RWD is also above the threshold to receive the full €9,000 incentive from the government, and is now eligible for €7,500 off the purchase price.
The price change is likely the result of increasing demand for the Model 3 in Germany. According to the Design Studio, a new order placed today for a base configuration (i.e., no options) won’t be delivered until May 2023.
Just five months ago this same Model 3 was priced at €39,990, a full €10,000 ($14,000 CAD/$11,000 USD) cheaper than it is today.
It also makes the entry-level Model 3 just €7,000 cheaper than the Model Y Long Range, which is still imported from Giga Shanghai and priced at €56,990.
There have been no similar price changes in North America today.
If you have noticed any price changes in your country, let us know in the comments below.