Electrek’s TakeĮven though this is barely a 1% increase, what is significant is the fact that Tesla is breaking the trend. It’s only a $500 increase to $48,990 or about a 1% increase, but it’s still significant.
Now, there has been a rare new one for the Model Y Long Range: There have been a few small price increases, but they have been rare, and in between many price drops. It resulted in about a dozen price cuts through the last year across the company’s entire EV lineup – with the last price drop on Model 3 and Model Y coming just earlier this month. The automaker claims to be closely tracking orders and comparing them to its production capacity, and when there’s a discrepancy, it has primarily relied on price cuts to close the gap.ĬEO Elon Musk has put most of the blame for demand issues on interest rates, making monthly payments on car loans less affordable. Over the last year, the trend for Tesla has undoubtedly been price cuts. Tesla has increased the price of its popular Model Y Long Range today – bucking a trend that has been worrying investors.
