Tesla Model Y Gets Another $1,000 Price Increase

Tesla’s Model Y crossover SUV has received another price hike of $1,000.

The Tesla Model Y Long Range now starts at $58,990, while the Performance variant will start at $63,990.

The price increase comes just a week after another $1,000 bump in price for the vehicles. Tesla has said that ongoing supply chain issues related to the pandemic continue to impact the company and its pricing.

Consumers haven’t balked at the price increases. The Model Y is sold out for the remainder of the year. A Performance version will be available in January, but a new order for the Long Range variant won’t be filled until June 2022.

Tesla Chief Executive Elon Musk has predicted that the Model Y will become its most popular offering and one of the most popular vehicles in the world. The company is currently trying to ramp production of the Model Y by adding factories in Texas and Berlin. Telsa also manufactures the Model Y at its factory in Shanghai.

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