Tesla has increased its costs across the board, with the cheapest model now starting at $46,990.
Tesla's pricing have risen by as much as 10%.
Tuesday, March 15, 2022 | Chimniii Desk
Tesla has boosted prices on its entire electric vehicle lineup. Prices have risen by 5 to 10%, with the company's cheapest car, the Model 3 Rear-Wheel Drive, now starting at $46,990, and the company's top-end Model X Tri motor increasing by $12,500, from $126,490 to $138,990.
It's the company's second price hike in less than a week, following a hike in the cost of some long-range models on Wednesday. Today's price hikes, on the other hand, are not just larger than last week's, but they also apply to every vehicle the company sells.
Here's how those price hikes look (old prices acquired from archival copies of Tesla's website via Wayback Machine, dated March 10th or later):
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- Model 3 Rear-Wheel Drive: $44,990 to $46,990
- Model 3 Long Range: $51,990 to $54,490
- Model 3 Performance: $58,990 to $61,990
- Model Y Long Range: $59,990 to $62,990
- Model Y Performance: $64,990 to $67,990
- Model S Dual Motor: $94,990 to $99,990
- Model S Tri Motor: $129,990 to $135,990
- Model X Dual Motor: $104,990 to $114,990
- Model X Tri Motor: $126,490 to $138,990
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Tesla and its outspoken CEO Elon Musk have yet to comment on the latest price hikes, although a variety of reasons are likely to have played a role. On Monday, Musk tweeted that "Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics" — inflation in the United States is up 7.9% this year, owing to rising energy, food, and service costs, while raw materials used to build electric vehicles (such as steel, nickel, and palladium) are skyrocketing due to Russia's invasion of Ukraine.