Tesla adds a $1000 price increase for Model Y

Tesla started April with a $1000 price increase on Model Y in the U.S. While the company also improved the amount of this model in China.

Tesla Model Y Rear Wheel Drive (RWD) is now priced at $44,990 (from $43,990). The Long Range version is priced at $49,990 (from $48,990) and the Performance version is priced at $53,490 (from $52,990). Tesla made this new price adjustment after announcing it formally last month on X, formerly known as Twitter.

These three models are eligible for a $7,500 Federal tax credit and reduce the purchase price to the following:

1. $37,490 for RWD variant
2. $42,490 for Long Range
3. $45,990 for Performance

The tax credit is now applied at the time of the delivery.

Tesla Model Y added a $1000 Price increase on all variants by April 1, 2024 (Image Credit: Tesla)

China

The EV maker has made similar changes in Model Y’s price in China by adding 5,000 yuan ($690) according to its website.

The price of the RWD model now starts at 263,900 yuan (from 258,900 yuan).

The Model Y Long Range is priced at 304,900 yuan (from 299,900 yuan) and the Performance version is priced at 368,900 yuan (from 363,900 yuan) (via Cnevpost).