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Tesla adjusts pricing again, Model Y goes up, Model 3 goes down

Tesla has again adjusted its electric vehicle prices for the third time in a month. This time, Model Y prices went up while the Model 3 base price went down.

It’s been an eventful few weeks for people tracking Tesla’s prices.

As we previously reported, Tesla started the month by implementing drastic cuts across its entire EV lineup, with Model Y seeing the biggest cut of up to $13,000.

However, a few weeks later, the automaker adjusted the prices up on the Model Y by $500.

CEO Elon Musk indicated that more price increases may come as Tesla is adjusting to the demand the massive price cuts created.

Today, Tesla again adjusted prices on both Model Y and Model 3:

The Model Y Long Range, which is the base Model Y that is configurable on its website (as Tesla has yet to offer custom orders for the Model Y AWD standard range produced at Gigafactory Texas), has seen a price increase by $1,500.

That’s a $2,000 increase since the price cut last month.

The Model Y Performance is now $1,000 more expensive – now starting at $57,990.

Tesla also adjusted Model 3 prices:

Top comment by Doggydogworld

Liked by 15 people

They let 3 and Y price get too close, causing a mismatch between orders and production. They need to shift enough buyers back from Y toward 3 to bring the mix back into balance.

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Interestingly, Model 3 prices were adjusted down again with the Model 3 RWD, Tesla’s cheapest vehicle, now starting at $43,490 – down $500.

Tesla is still not listing the price of the Model 3 Long Range or letting people order it. The automaker has previously said that the demand was too high for the vehicle – hence why it stopped taking orders.

However, we also know that Tesla is about to update the Model 3, which could explain the stop on new orders and the further price decrease as people might be reticent about placing a new order knowing that it might be updated soon.

Model 3 Performance is still the same price as it was before this latest price adjustment.

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