Tesla Increases Prices Across Entire Lineup, Second Hike in a Week
Tesla has increased its prices yet again, for the second time in a week. The new round of price increases affects the entire lineup, including the Model S, Model 3, Model X and Model Y, showing in the U.S., Canada, Australia and China.
Check out the U.S. price increases below for the entry versions of each build:
- Model 3 RWD – $46,990 USD (+$2,000; was $44,990)
- Long Range – $54,490 USD (+$2,500; was $51,990)
- Performance – $61,990 USD (+$3,000; was $58,990)
- Long Range – $62,990 USD (+$3,000; was $59,990)
- Performance – $67,990 USD (+$3,000; was $64,990)
- Long Range AWD – $99,990 USD (+$5,000; was $94,990)
- Plaid – $135,990 USD (+$6,000; was $129,990)
- Long Range AWD – $114,490 USD (+$9,500; was $104,990)
- Plaid – $138,990 USD (+$12,500; was $126,490)
In Canada, the Model 3 price range now starts at $61,380 CAD for the RWD version of the car, making it no longer eligible for EV rebates in Quebec, as the starting price has surpassed $60,000 CAD.
The Model 3 Long Range has jumped to $71,990 CAD and Performance up to $81,490 CAD, price increases of $3,000 and $4,500 respectively. Less than a week ago the Long Range price was hiked by $2,000 CAD.
The Model Y in Canada sees the Long Range now start at $82,990, an increase of $4,000 CAD (less than a week ago it saw a $2,000 CAD price jump), while Performance now starts at $89,290 CAD, an increase of $4,000 CAD.
The Model S and Model X also saw their first price increases in a while, now starting at $128,990 CAD and $146,990 CAD respectively. These are price jumps of $7,000 CAD and $14,000 CAD for entry versions of these vehicles.
Plaid versions now start at $177,990 CAD for Model S and $184,290 CAD for Model X, increases of $8,000 CAD and $15,800 CAD respectively.
Do people honestly expect businesses such as Tesla to keep prices the same in this insane inflationary environment? Aluminum price is up 50% YoY, Nickel 200%, Lithium 263%, etc.
Demand is also through the roof. It's ECON 101. Everyone is raising prices one way or another…. https://t.co/6vNcoiQUx9
— Sawyer Merritt 📈🚀 (@SawyerMerritt) March 15, 2022
The price increases come just five days after Tesla bumped prices of the Model 3 and Model Y up on March 9, by $1,000.
Earlier today, Wedbush analyst Daniel Ives predicted Tesla was set to increases prices in the “next two weeks”, based on inflationary pressure on the company’s materials, including nickel. Looks like the increases have occurred sooner than expected.
On Sunday, Elon Musk said Tesla and SpaceX were “seeing significant recent inflation pressure in raw materials and logistics.” We may not be done with price increases on Tesla vehicles at the moment. Hold onto your hats, folks.