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Tesla adds a $1000 price increase for Model Y

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8 months ago

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Tesla 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.

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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 $1000 Price increase on all variants by April 1, 2024

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).

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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).

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Timothy started learning about game development and electronics at the age of 17. After involvement in different projects, he switched to Android app development and began pursuing smart hardware mechanics. Later on, he became fond of writing and tech journalism. Timothy covers major topics about internet personality, business, EV, Space, Social Media, and more. He loves to watch survival videos and try to find out new facts about the ocean and animals.

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