Tesla Increases Prices of Model 3 and Model Y By Up to $2,000

Photo: Tesla

While Tesla’s Model Y delivery dates have been pushed back into April 2022 in North America due to demand and the global semiconductor shortage, the company has now also increased the price of its two most popular electric vehicles (EVs).

Tesla has increased the price of its Model Y variants by $1,000 USD, while also increasing the Model 3 Performance by $1,000, with the Model 3 Standard Range increasing by $2,000, according to @Sawyer Merritt on late Tuesday.

The new starting price for the Model Y is $54,990 USD, while the new starting price for the Model 3 is $41,990 USD. If you haven’t placed your order for a Model 3 or Model Y, now may be the time before the next round of increases happen.

BREAKING: Tesla has increased the price of all US Model Y variants. All Model Y variants have increased in price by $1,000. Standard Range Model 3 is now $2,000 more. M3 Performance is $1,000 more.

• Model Y starting price: $54,990
• Model 3 starting price: $41,990 pic.twitter.com/jfZpPhqgQe

— Sawyer Merritt (@SawyerMerritt) October 6, 2021

Tesla increased the prices for the Model 3 and Model Y by $1,000 USD in April.

Delivery dates for the Model Y were pushed back even further from previous delays to March, with demand for the electric SUV running high even outside of North America.

Some Tesla Model S and Model 3 configurations have also been pushed back as far as June 2022.

In addition, the Model Y’s Long Range variant is actually considered sold out in Canada and the U.S. since August. The Tesla Model 3 Plus variant also sold out in Canada and the U.S. around the same time.

Tesla also launched a new Model 3 variant in August with a lithium iron phosphate (LFP) battery in the U.S.