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Tesla adds a $1000 price increase for Model Y

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2 years ago

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Tesla Model Y

Tesla started April with a $1000 price increase on Model Y in the U.S. While the company also improved the amount of this model in China.

Tesla Model Y Rear Wheel Drive (RWD) is now priced at $44,990 (from $43,990). The Long Range version is priced at $49,990 (from $48,990) and the Performance version is priced at $53,490 (from $52,990). Tesla made this new price adjustment after announcing it formally last month on X, formerly known as Twitter.

These three models are eligible for a $7,500 Federal tax credit and reduce the purchase price to the following:

  1. $37,490 for RWD variant
  2. $42,490 for Long Range
  3. $45,990 for Performance

The tax credit is now applied at the time of the delivery.

Tesla Model Y added $1000 Price increase on all variants by April 1, 2024

Tesla Model Y added a $1000 Price increase on all variants by April 1, 2024 (Image Credit: Tesla)

China

The EV maker has made similar changes in Model Y’s price in China by adding 5,000 yuan ($690) according to its website.

The price of the RWD model now starts at 263,900 yuan (from 258,900 yuan).

The Model Y Long Range is priced at 304,900 yuan (from 299,900 yuan) and the Performance version is priced at 368,900 yuan (from 363,900 yuan) (via Cnevpost).

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Mannoo specializes in Generative AI, Large Language Model (LLM), and Aerospace Science. Prior to delving into these fields, he was a Python programmer, a game designer, and an Android and iOS app developer with over 5 years of experience. He has prior writing experience in creative writing about smartphones and technology before working at Eonmsk.com. You can explore his X/TWitter and LinkedIn pages or contact him through his email.

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