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Tesla slightly raises Model Y price in US

Published 06/13/2023, 08:23 PM
Updated 06/13/2023, 09:15 PM
© Reuters. FILE PHOTO: A staff member attends to customers inside a Tesla Model Y car at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. REUTERS/Florence Lo
TSLA
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(Reuters) -Tesla Inc slightly increased the price of its Model Y electric vehicle in the United States on Tuesday, according to its website.

The company increased the price of the variant by a mere $250, bringing it to $47,740, the website showed, while the prices for the other variants remained unchanged in the U.S.

This is the third price hike for the Model Y since April 19, when Tesla (NASDAQ:TSLA) last cut prices for some of its cars in the country.

In May, the company had increased the price of its Model S, X, and Y vehicles by low single-digit percentages.

Tesla has been slashing prices globally since January seeking to drive volumes. CEO Elon Musk had said that the company was willing to sacrifice margins for sales volume but was also looking to raise back prices, where it can.

But even after Tuesday's price hike, the price of the Model Y remains 4.5% below the price before it was slashed earlier in April.

Latest comments

The charging market of Tesla develop faster and faster, and take over North America market within half a month. Amazing!! This also gives a revelation to the Chinese charging market, which is now a highly fragmented market, and integrating market may be a short time. That can integrate the charging market is obviously market leader. Eyes on NAAS (NASDAQ:NAAS).
Whole thing lie tone drop price future advance tech innovation at had been announced
Lmao. I'm thinking thousands, not $250.
Model Y is the best car you can buy for the money right now. Nothing else comes close.
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