Over the past year, we’ve seen several price increases on some of Tesla’s most popular vehicles, and yesterday another one came overnight. The last time we saw Tesla raise prices was for the base model Y back in July, but now two of Tesla’s best-selling electric cars are getting another bump. As of today, the most affordable Tesla starts at $ 42,000.
During previous hikes, CEO Elon Musk said they were partly due to Tesla facing supply chain problems year-round, just like almost every other industry. As a result, we saw several price changes in early 2021, but things calmed down all summer.
On the morning of October 6, users noticed that the base and performance variants for the Model 3 and Model Y saw increases to the starting price.
The Tesla Model 3 online configurator now shows the base “Standard Range Plus” went from $ 39,990 to $ 41,990. The long-distance version remained the same, while the Model 3 Performance went from $ 56,990 to $ 57,990.
And while it’s only a $ 1k-2k increase in total when you combine it with the rest of the winnings over the course of the year, it makes these vehicles significantly more expensive. For example, the base model 3 cost $ 36,990 at the beginning of the year, but now it starts at $ 41,990.
In addition, we see a similar increase as the Model Y SUV. The Tesla Model Y Long Range Dual Motor costs $ 2,000 more today than it did 24 hours ago, and the Performance model experienced a similar $ 1,000 increase as the Model 3 Performance.
It’s no secret that the rising cost of materials and constraints in the supply chain is a real problem, but Tesla can prepare for the new federal EV incentive plan that may pass later in the year. Either way, Tesla’s most popular vehicles just got more expensive.