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Tesla's Model 3, Model Y prices rise again

Roadshow logo Roadshow 10/8/2021 Sean Szymkowski
a car parked on the side of a road: Prepare to pay more -- again. Tim Stevens/Roadshow © Provided by Roadshow Prepare to pay more -- again. Tim Stevens/Roadshow

Prepare to pay more for a new Tesla Model 3 or Model Y. This week, the automaker quietly updated its online configurator and increased the prices of both its EVs. Now, the least expensive Model 3 will $43,490 after a $1,200 destination charge (a $2,000 increase). The Model Y climbed to $54,990 after the same $1,200 destination fee, meaning a $2,000 overall increase for the Model Y Long Range.

a car parked on the side of a road © Tim Stevens/Roadshow

As for the rest of Tesla's cars, the Model 3 Long Range hangs on to its previous price tag of $49,990, while the Model 3 Performance rose by $1,000 to $57,990. The Model Y Performance, the only other Y variant on sale, is now $61,990 -- anotehr $1,000 increase.

Tesla's been on a tear this year: It's increased prices numerous times, sometimes as often as every couple weeks. Although Tesla does not operate a public relations department to field requests for comment, CEO Elon Musk addressed the price jumps earlier this year. According to Musk, the supply chain issues plaguing so many industries is the culprit. However, it may be much-needed cover to increase margins on the brand's EVs. Musk has also warned employees in the past tat the company needs to focus on real profits after keeping in the black largely due to the sale of regulatory credits.

Meet Roadshow's long-term 2021 Tesla Model Y

a car parked on the side of a road: Please welcome Roadshow's new 2021 Tesla Model Y.

Please welcome Roadshow's new 2021 Tesla Model Y.
© Provided by Roadshow

This was originally published on Roadshow.

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