Tesla has increased its prices again across all of its models by up to $6,000. The automobile manufacturer has raised the prices of its luxury electric vehicles numerous times this year, including a major price hike twice in the same week in March and a smaller upsurge on certain Model 3s in April. Tesla updated its online configurator on Wednesday to represent the increase in prices across its entire lineup, according to Electrek, which has been following the price increase.
Furthermore, archived copies of Tesla’s website via Wayback Machine taken as recently as April 23 confirm the price difference. As usual, Tesla has not explained the increase in prices, but given the similar hikes being made by other automakers, it can be said that the recent increase in prices is due to inflation, supply chain issues, and slowed production in China.
Global Commodities Supply Constraints Could Hinder Future Tesla Production
In April, during Tesla’s first-quarter profits call, CEO Elon Musk said he thought inflation was worse than conveyed and likely to last all of 2022. He also stated global commodities supply constraints could hinder future production.
All Popular Tesla Models Have New Increased Prices
Here’s a summary of the increases in Tesla automobiles this time around:
- Tesla Model X: The dual-motor all-wheel-drive Long Range Model X rose from $114,990 to $120,990. That’s an upsurge of $6,000 for the electric SUV. The Model X Plaid price at $138,990 has not yet been affected.
- Tesla Model S: The dual-motor all-wheel-drive Long Range Model S went from $99,990 to $104,990 on Wednesday, an increase of $5,000. Similar to the Model X, the Plaid will remain the same price at $135,990.
- Tesla Model Y: Both versions of the automaker’s most favored model increased. The Long Range went from $62,990 to $65,990 and the Performance went from $67,990 to $69,990, an increase of $3,000 and $2,000, respectively.
- Tesla Model 3: The Long Range increased from $54,490 to $57,990, an increase of $2,500.