Tesla Asks You To Pay $500 More For Non-Performance Model 3 And Y

Another week, another price increase.

By: Mark Kane

May 7, 2021 at 11:07am ET

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Tesla did it again. After two price increases for the Model 3 and Model Y in April (here and here) the company has increased the starting prices of non-performance versions by $500.

Here are the details:

Model 3 Standard Range Plus: up $500 from $38,990 to $39,490
Model 3 Long Range AWD: up $500 from $47,990 to $48,490
Model 3 Perf. LR AWD 20": no change ($56,990)
Model Y Long Range AWD 19": up $500 from $50,990 to $51,490
Model Y Perf. LR AWD 21": no change ($60,990)

It's not possible to determine the reason behind the move, but it might be mostly related to the high demand for both cars - Q2 production is reportedly sold out.

From the business perspective, it would be totally reasonable to adjust the prices up and maximize the revenues, while maintaining the volume.

What do you think?

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Comments

Other reasons could be related to higher production costs, but bet that it comes mostly from higher demand.

Tesla Model 3

Tesla Model Y

Prices of the Model S and Model X remain at the same level since March.

Tesla prices

Model	Base Price	Dest. Charge	Tax Credit	Effective Price
2021 Tesla Model 3 Standard Range Plus	$39,490	+$1,200	N/A	$40,690
2021 Tesla Model 3 Long Range AWD	$48,490	+$1,200	N/A	$49,690
2021 Tesla Model 3 Perf. LR AWD 20"	$56,990	+$1,200	N/A	$58,190
2021 Tesla Model S Long Range (AWD) 19"	$79,990	+$1,200	N/A	$81,190
2021 Tesla Model S Plaid 19"	$119,990	+$1,200	N/A	$121,190
2021 Tesla Model X Long Range (AWD) 20"	$89,990	+$1,200	N/A	$91,190
2021 Tesla Model X Plaid 20"	$119,990	+$1,200	N/A	$121,190
2021 Tesla Model Y Long Range AWD 19"	$51,490	+$1,200	N/A	$52,690
2021 Tesla Model Y Perf. LR AWD 21"	$60,990	+$1,200	N/A	$62,190