Tesla increases prices throughout whole lineup, its cheapest electric car now starts at $47,000

by Fred Lambert

Tesla has implemented big price increases throughout its entire vehicle lineup in an overnight update to its online configurator.

Its cheapest electric car, the Model 3, now starts at $47,000.

We suspected it was coming after Elon Musk announced on Twitter that both Tesla and SpaceX were seeing significant inflation, but big prices increases on Tesla vehicles are now in place.

Tesla vehicles have seeing significant gradual price increases throughout the whole of 2021.

Now this new price update includes more significant price increases.

The Model 3 Rear-Wheel-Drive, Tesla’s cheapest vehicle, went up $2,000 today to $46,990.

The Model 3 Dual Motor All-Wheel Drive got an increase in price by $2,500 to $54,500, but as previously mentioned, it also received a $1,000 increase just last week.