Tesla Increases Prices for All Its Electric Vehicle Models

Tesla raised prices for its entire range of electric vehicles this week, with some models now requiring customers spend an extra $6,000.

As Electrek reports(Opens in a new window), the automaker has already increased its prices several times this year—even twice within a week(Opens in a new window) at one point. No explanation has been forthcoming for the elevated costs, but it’s fair to assume they’re due in part to a combination of inflation, supply chain issues, and production struggles in China.

Here’s a rundown of the latest price changes:

  • Model S: Dual Motor All-Wheel Drive Long Range increased from $99,990 to $104,990 ($5,000 increase)

  • Model X: Dual Motor All-Wheel Drive Long Range increased from $114,990 to $120,990 ($6,000 increase)

  • Model 3: Long Range increased from $54,490 to $57,990 ($2,500 increase)

  • Model Y:

    • Long Range increased from $62,990 to $65,990 ($3,000 increase)

    • Performance increased from $67,990 to $69,990 ($2,000 increase)

Tesla did not immediately respond to PCMag’s request for comment.

The Model 3 and Model Y actually got cheaper back in February, but the first major increase happened in March, followed by a smaller one for long-range vehicles in April. The price changes began shortly after Tesla, Inc. invested $1.5 billion in Bitcoin, which sent the price of the cryptocurrency soaring.

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This week’s increases, meanwhile, come just as the National Highway Traffic Safety Administration (NHTSA) released data(Opens in a new window) suggesting Tesla reported the most crashes involving driver-assist technology, while Alphabet’s Waymo disclosed the most incidents involving its autonomous vehicles. As The Washington Post(Opens in a new window) reported, Tesla vehicles made up nearly 70% (273) of the 392 crashes involving driver-assistance systems, while Waymo accounted for 62 of the 130 crashes by automated-driving systems.

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