Tesla increased the Model Y prices in yet another hike in the United States.
The Elon Musk-led electric vehicle maker (EV) raised the prices of the All-Wheel Drive (AWD) variant and the Performance version.
(Photo : FREDERIC J. BROWN/AFP via Getty Images)
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.
Tesla Model Y Price Increase in US
As per a recent report by Inside EVs, the giant car maker updated the pricing of the Model Y in the US following recent price changes. And this time, its starting price just got less affordable.
If you were planning to buy a Model Y last week and decided to hold it off, you might be surprised by its new price bump.
The Standard Range all-wheel drive option now costs $500 more in the US. And besides the entry-level variant, the Performance model also saw a $500 increase in the country.
(Photo : FREDERIC J. BROWN/AFP via Getty Images)
People view a model of the new Tesla Model Y unveiled earlier in Hawthorne, California on March 14, 2019. - Tesla introduced a new electric sports utility vehicle slightly bigger and more expensive than its Model 3, pitched as an electric car for the masses. Tesla chief executive Elon Musk showed off the "Model Y" late Thursday, March 14, 2019, at the company's design studio in the southern California city of Hawthorne.
Tesla investor, Sawyer Merritt, disclosed in his recent tweet that the Musk-led EV maker increased the pricing of the Model Y by up to $500.
Read Also: Canada's First Tesla Model Y Police Car Arrives; More EVs to be Added to Westshore RCMP's Fleet
New Tesla Model Y Prices
With the latest price hike, the Model Y AWD Standard Range now starts at $51,490, roughly 1 percent more expensive than its previous $50,990 pricing.
On the other hand, the Long Range AWD maintains its price tag. Buyers could still get their hands on it at around $54,990.
But the same could not be said for the Performance variant, as it got the same hike as the Standard Range AWD. With that, it now retails for $58,490, which is nearly 1 percent more expensive than its previous $57,990 tag.
Inside EVs notes in its story that the latest price update is the third instance that the carmaker adjusted the pricing of its vehicles since they aggressively dropped last January 12.
It is worth mentioning that the American carmaker recently updated the pricing of the Tesla Model Y in China as well. Reuters reports that the pricing of the EV saw at least a 0.8 percent increase in the Chinese region.
Meanwhile, the pricing of the other Tesla EVs, including the Model 3, Model S, and Model X remain the same in the US.
The Model S starts at $94,990, whereas the Model 3 RWD sells for only $43, 490. The Model X SUV, on the other hand, costs $109,990 for its Long Range AWD variant.
The pricing above excludes additional fees, such as Order and Destination fees, which could be around $1,640.
Related Article: Tesla Increases Price on Model Y in the US Following Changes in Tax Credit Rule
