According to the latest report, Tesla has significantly increased the price of its full line of electric vehicles in the United States, with some models increasing by as much as $6,000. In 2021, Tesla’s models will increase in price almost every month.
Tesla slowed the frequency of its electric vehicle price increases in early 2022. The last major price increase was in March 2022, followed by a long-term increase in April. There was a small price hike for battery-powered models, but now Tesla is starting to increase prices significantly again.
Today, Tesla updated the online configurator on the US official website, once again raising the price of its entire range of models. Among them, the Tesla Model 3 is the one with the smallest price increase among all the car series. Only the Model 3 long-range version has increased in price, from $54,490 to $57,990, a price increase of $2,500.
The Tesla Model Y has seen a bigger price increase, with both versions increasing price, with the long-range version from $62,990 to $65,990 and the performance version from $67,990 to $69,990. Tesla also now sells the Model Y Standard Range, a new version made in Texas, but Tesla has not sold it through its online configurator and is currently only available to local Model Y buyers in Texas.
The Tesla Model S also got a big price hike today, after a massive $5,000 price hike a few months ago. The Model S Dual Motor All-Wheel Drive Long Range Edition is priced from $99,990 to $104,990 after today’s price increase. The price of the Plaid version remains the same at $135,990.
Like the Model S, the Model X saw a big price hike earlier this year, and now it’s raising prices again. The price of the Model X Dual Motor All-Wheel Drive Long Range Edition has risen by as much as $6,000 from $114,990 to $120,990. Like the Model S, the Model X Plaid’s price remains unchanged for the time being at $138,990.
As usual, Tesla did not disclose the reason behind these price increases, but speculation is because of increased raw material prices and logistics costs. In addition, Tesla has a large backlog of orders, and new orders for several models will not be delivered until 6 to 12 months from now. So Tesla has to try and forecast cost increases before and after producing these vehicles 6 to 12 months from now, or maybe Tesla just wants to improve its gross margin.