News

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.

Double-O

Member
Oct 26, 2021
47
66
Santa Clarita
It's crazy that in just a short 8 months, the LR has gone up from 49,900 to now 58,900. I would feel silly spending 9k more for a car than it's actually worth. It's the same thing as a dealer mark-up. Then again, if the demand is there and they can't fill those demands fast enough, close the gap between one trim and the top trim from 10k to now only 5k and convince the public that spending the extra 5k makes the performance trim worth buying and owning much much sooner. Good business strategy but a big F you and a middle finger to those who have continued to pay more than 49,900 for the LR. Oh Elon.
 

GenSao

Member
Aug 3, 2017
581
1,013
Pleasant Hill, CA
Yep. Now $10,000 more for the LR trim from the low of $48,990 in February-March 2021.
Tesla Model Y Base Price History (3).png


Source: Google Sheets
 

spentan

Active Member
Dec 26, 2012
1,528
465
SoCal
Wonder if they're just increasing the prices because of a lot of these Ys (based on the order/delivery timeframes) may come out of Texas Gigafactory with 4680/Structural Packs?

Thoughts?
 

brandon8387

Member
Sep 12, 2021
162
73
AZ
Wonder if they're just increasing the prices because of a lot of these Ys (based on the order/delivery timeframes) may come out of Texas Gigafactory with 4680/Structural Packs?

Thoughts?
There’s demand. The 4680s supposedly save Tesla money on manufacturing. But they are a ways away. Why would they up-charge in advance for cheaper costs to build? Well I guess they are doing that with FSD already, But thats likely for R&D. Most believe it’s to offset the pending EV bill rebates. Which also doesn’t make sense. Cuz thats not money out teslas pocket. It’s not a price cut discount. It’s a tax credit from the government on your taxes next year 🤦🏾‍♂️
 

Seminole

Member
May 28, 2021
178
281
FLL
There’s demand. The 4680s supposedly save Tesla money on manufacturing. But they are a ways away. Why would they up-charge in advance for cheaper costs to build? Well I guess they are doing that with FSD already, But thats likely for R&D. Most believe it’s to offset the pending EV bill rebates. Which also doesn’t make sense. Cuz thats not money out teslas pocket. It’s not a price cut discount. It’s a tax credit from the government on your taxes next year 🤦🏾‍♂️
It’s not money out of Tesla’s pocket but if they were selling the Y for 52k and then it qualifies for an 8k rebate they can raise the price to 60k and make an additional 8k while the price to the customer stays the same. So effectively they are negating the rebate for the consumer and taking the credit themselves.
 

Clark_Kent

Member
Jun 23, 2020
486
405
Smallville, KS
There’s demand. The 4680s supposedly save Tesla money on manufacturing. But they are a ways away. Why would they up-charge in advance for cheaper costs to build? Well I guess they are doing that with FSD already, But thats likely for R&D. Most believe it’s to offset the pending EV bill rebates. Which also doesn’t make sense. Cuz thats not money out teslas pocket. It’s not a price cut discount. It’s a tax credit from the government on your taxes next year 🤦🏾‍♂️
It actually makes perfect sense why they're raising the prices. Tesla is in effect "taking" a portion or all of the EV credit.
 

NovaTech

Member
Nov 4, 2021
41
32
Leesburg, VA
Jeez.. I placed my order in early October, and the price has gone up around $4K since. Craziness! The demand must be really strong, and gas prices are helping too.
 

stevesark

Member
May 27, 2019
63
32
Orange, CA
I'm a relatively happy Model 3 owner who's toyed with the notion of trading for a Y, but I want something else like a 4860 battery pack or meaningful updates to pay that much of a price increase.
 

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