Tesla Model Y Hit With $1k Price Bump Just Two Weeks After Premiere

Less than two weeks after the Model Y was unveiled, Tesla has bumped up prices for the compact electric SUV.

When first announcing the crossover sibling to the Model 3, Elon Musk stated that the Standard Range model would start at $39,000, the Long Range at $47,000 and the Dual Motor AWD at $51,000, while the Performance would be available from $60,000. The price for the Long Range has since been bumped at $48,000, the Dual Motor AWD now starts at $52,000, and the Performance is available from $61,000.

Tesla hasn’t said whether the Model Y Standard Model will also be hit with the same $1,000 price hike. It also remains unclear if customers who have already put down a Model Y deposit will pay the original price or will have to cough up an extra grand.

It is not just the Model Y which will cost a little more than advertised, though.

Over the weekend, Musk announced that all current models in the Tesla family inventory will have their prices increased by three per cent. This price increase only impacts those cars which Tesla has already built but hasn’t sold and brings their prices up to those of its new cars available online.

Tesla’s new pricing scheme come after a number of price fluctuations this year. As CNET reports, Tesla dropped prices for a number of models in January and later that month, cut them once again. Tesla then said it would shut down its retail locations to reduce prices even further. However, the automaker has since changed its mind and won’t be closing its retail locations.

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  • charlotteharry57

    See what I mean? It’s the Tesla news of the day. OK, point made, now I’ll stop. But, it’s absurd and childish of Elon.

  • drc

    Nothing like putting down $ 2,500 on a vehicle (Model Y) that is two years out from delivery and is a moving price target. Talk about drinking the Kool-Aid…..

  • Loquacious Borborygmus

    Tesla Model Y Hit With $1k Price Bump Just Two Weeks After Premiere
    Anyone would think they didn’t know what they were doing…

    • Mike anonymous

      … but I get the feeling they do.

      • Loquacious Borborygmus

        Yeh, they’d like you to think that.

        • Mike anonymous

          I’m not sure it’s either one of two things;

          1. They told people about the price so it could get into the mainstream and so it could circulate, and then quietly behind the scenes bump up the price and hope no one noticed. This way people will think the vehicle is one price in order to falsify a boost in public image, when it’s really another higher price.

          OR

          2. They don’t know exactly what they are thinking.

  • Mr. EP9

    Tesla has been all over the place lately haven’t they? First they end the referral program and claim they’ll close their stores, then they backpedal on that, the Model Y price jump in addition to a few other models, asking employees to help deliver X amount of vehicles in only in 15 days (IIRC), now I hear they’re delaying deliveries of the base level Model 3.

    What a mess.

    • nastinupe

      It’s the shareholders demanding more profitability. You know the Elon doesn’t care. He’s already rich as all get out.

  • Super Rob

    Waiting for Tesla to advertise a $29,990 car for a week to get it in peoples minds. Then switch the price before taking orders. Hope people get emotionally invested and go ahead and buy one anyway.

  • ErnieB

    But Y?

    • wait a minute

      1k>4Y – OMG !

    • benT

      butt “Y” ??

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