Tesla Increases Model Y Price By $1,000

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Tesla announced Monday a round of price changes that impact the Model Y and inventory cars.

The Model Y price was raised $1,000 over the initial pricing given at the unveiling on March 14. The Performance version is now $61,000, the Long Range AWD is $52,000, and the Long Range RWD version is $48,000. Model Y deliveries are expected to start in late 2020.

Chief Executive Elon Musk also said on Twitter that all Tesla inventory cars will receive a price increase of about 3 percent to come in line with website order prices. New pricing starts April 2.

Tesla announced earlier this month a plan to close stores and move all sales online in an effort to lower prices. Days later, that plan changed to leaving some stores open, which resulted in raising prices from the previously announced discount.

The price increases were rolled out last week. The base Model 3 remained priced at $35,000, but the “Standard Plus” version increased by $500 to start at $37,500. Other Model 3 versions received a $1,500 increase. Model S and Model X, received average price increases of less than 2 percent.

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