If you thought Tesla was done raising the prices of their vehicles, you would be mistaken. In an overnight website update implemented between October 5 and October 6, Tesla upped the prices on the Model 3 and Model Y.
As things currently stand, demand for Tesla’s electric vehicles significantly exceeds supply. With Tesla suffering from industry-wide supply chain issues, it’s understandable why they might need to compensate with price bumps.
That said, Tesla hasn’t exactly been “suffering.”
Tesla is coming off of their most productive quarter ever. In fact, in Q3 2021, they produced and delivered more electric vehicles than ever before. On the financial front, their profits have increased over the course of 2021.
If you weren’t aware, Tesla started raising their vehicles’ prices quite frequently in the first half of 2021. As of July, it’d seemed like they were done elevating those consumer-end costs.
However, with today’s price updates, it looks like the company is right back at it.
Tesla’s Model 3 Standard Range Plus went up from $39,990 to $41,990. Earlier this year, this same car was available $5,000 cheaper, at $36,990.
The Model 3’s AWD Performance variant went up from $56,990 to $57,990.
The company also raised the prices of both the Model Y Long Range and the Model Y Performance. The Model Y Long Range now costs $54,990 and the Model Y Performance now costs $61,990. Do note that these prices may vary depending on which state you live in.