Tesla announced that it will raise prices for all Model Y cars in the United States by $1,000 starting April 1, as stated on its website. The company specified, “Prices will increase by $1,000 for all Model Y trims on April 1.”
Previously, on March 1, Tesla had already increased the prices of its Model Y rear-wheel drive and long-range vehicles by $1,000 each, setting them at $43,990 and $48,990, respectively.
However, it remains unclear whether the April increase will be in addition to the March adjustments for these specific models.
In February, Tesla had temporarily reduced prices for certain Model Y cars in the U.S., following earlier price cuts in Europe and China.
CEO Elon Musk addressed the challenge of balancing continuous factory production with seasonal consumer demand, highlighting the essential quandary of manufacturing.
Additionally, Tesla disclosed plans to raise prices for its Model Y electric vehicles (EV) in various European countries by approximately 2,000 euros ($2,177) or the equivalent in local currencies, effective March 22.
This move comes amid ongoing pricing pressures from competitors, impacting Tesla’s margins.
Looking ahead, Tesla cautioned of “notably lower” sales growth in the current year, emphasizing its focus on ramping up production of the next-generation EV, internally referred to as “Redwood.”
