Tesla confirmed today that it has increased the prices of all Model 3 variants by $400 and it has also made changes to its ‘off-the-menu’ Model 3 variants.
Over the last few months, Tesla’s prices have been almost constantly changing – especially when it comes to Model 3.
The base version of the Model 3 at $35,000 was also taken off-the-menu and can only be ordered by calling Tesla or going to a store.
After the changes, the cheapest Model 3 available on Tesla’s website was $39,500.
Now Tesla has increased the price of all Model 3 vehicles by $400 – resulting in the cheapest listed Model 3 now costing $39,900:
We asked Tesla for the reason behind the price increase and a Tesla spokesperson responded:
“Like other car companies, we periodically adjust pricing and available options.”
They didn’t want to say if it had to do with the most recent Chinese tariffs.
In an email sent to employees obtained by Electrek, Tesla said that it also applies to the base Model 3 off-the-menu:
“Today, in the U.S., Model 3 base prices increased by $400. This price increase applies to all Model 3 variants, including off-menu Standard Range and Long Range Rear-Wheel Drive. Leasing for Model 3 Standard Range Plus continues to be available for $399/month.”
The cheapest Model 3 on or off-the-menu now starts at $35,400.
It applies to all new Model 3 orders as of May 13th but not on inventory vehicles produced before May 12th.
Tesla also says that they are making the base Autopilot package standard on the Long Range Rear-Wheel Drive Model 3, which is also available off-the-menu:
“Long Range Rear-Wheel Drive will also now include Autopilot in the base price. As a result, the base price of Long Range Rear-WHeel Drive will increase by $1,400 in the U.S. and by $,1000 (or market equivalent) in all other markets where it is available off-menu.”
Recently, Tesla has admitted that it needed to make some drastic moves to lower the price of the Model 3, like closing stores and bringing all sales online.
When first releasing the Model 3 at $35,000, Tesla said that it would close most of its stores to achieve the price point.
It later ended up reversing the move, increasing prices again, and removing the base version of the vehicle from its website.
FTC: We use income earning auto affiliate links. More.
Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.