Tesla rolls out Model Y price increase in the US as expected

Tesla has increased the price of two variants of the Model Y in the on Friday. However, unlike previous price adjustments, everyone knew this one was going to happen.

According to an update to the Design Studio early on Friday morning, the Model Y Rear-Wheel Drive (RWD) now starts at $43,990, and the Model Y Long Range (LR) now starts at $48,990. Both are $1,000 more expensive than they were yesterday.

Also as expected, the price of the Model Y Performance is unchanged at $52,490. All of these prices are before taking into account the $7,500 federal tax credit.

As we mentioned, these price changes were forecasted by Tesla earlier this month when these two Model Y variants saw $1,000 price cuts. For the first time Tesla added a note on its website that it was temporary and that prices would be increasing again on March 1, leaving some doubt as the extent of the increase, saying it would go up “by $1,000 or more” on that date.

With today’s update to the online configurator, that message has been removed, and this time there is no mention of any impending price adjustments.

Tesla of course doesn’t reveal sales date by month, so we may never know if this new pricing strategy resulted in a rush of orders during the nearly three week “sale.”

Are you buying a Tesla? If you enjoy our content and we helped in your decision, use our referral link to get C$2,600/US$2,000 off your purchase.
Previous Article

Over 500 new public and city EV chargers are coming to Toronto

Next Article

Tesla Model Y earns high praise from RCMP after one year on the job

You might be interested in …