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Tesla to raise US prices for Model Y vehicles by $1,000 on April 1

Published 03/15/2024, 11:02 PM
Updated 03/15/2024, 11:50 PM
© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo

(Reuters) -Tesla on Friday said it will increase prices for all Model Y cars in the United States by $1,000 on April 1, the automaker said on its website.

"Prices will increase by $1,000 for all Model Y trims on April 1," Tesla (NASDAQ:TSLA) said on its website.

The company on March 1 had also raised the prices of its Model Y rear-wheel drive and long-range vehicles by $1,000 to $43,990 and $48,990, respectively.

Tesla did not make it explicitly clear if the April increase would come on top of the March increase for the rear-wheel and long-range models.

Tesla had temporarily cut prices of some of its Model Y cars in the U.S. in February, nearly a month after it slashed prices across Europe and China.

"This is the essential quandary of manufacturing: factories need continuous production for efficiency, but consumer demand is seasonal," CEO Elon Musk said in February, replying to a post on X from Tesla saying prices would go up in March.

Latest comments

and so what??? why do we need to hear about this? if all price changes from every single manufacturer were to be mentioned here there would be no room for any other news LOL
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