Tesla has upped the prices of all of its electric vehicles. Prices have risen by 5 to 10%, with the Model 3 Rear-Wheel Drive, the company’s most affordable vehicle, now starting at $46,990, and the Model X Tri motor seeing a $12,500 price hike, from $126,490 to $138,990.
This is Tesla’s second price hike in less than a week, following an increase in the cost of certain long-range models last Wednesday. However, today’s price increases are not just more than last week’s, but they apply to every vehicle the corporation sells.
Here’s how those price increases play out (old prices acquired from archived copies of Tesla’s website via Wayback Machine, dated March 10th or later):
- Model 3 Rear-Wheel Drive: $44,990 to $46,990
- Model 3 Long Range: $51,990 to $54,490
- Model 3 Performance: $58,990 to $61,990
- Model Y Long Range: $59,990 to $62,990
- Model Y Performance: $64,990 to $67,990
- Model S Dual Motor: $94,990 to $99,990
- Model S Tri Motor: $129,990 to $135,990
- Model X Dual Motor: $104,990 to $114,990
- Model X Tri Motor: $126,490 to $138,990
Elon Musk, Tesla’s typically outspoken CEO, has yet to comment publicly on the latest price increases, but a variety of reasons are likely to have played a role. On Monday, Musk tweeted, « Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics » — inflation in the United States is up 7.9 percent this year, owing to rising costs of energy, food, and services, while raw materials used to build EVs (such as steel, nickel, and palladium) are skyrocketing in price due to Russia’s invasion of Ukraine.
