Tesla raises prices for Model 3 and Y again after selling production capacity in Q2 – fr

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Tesla raises prices for Model 3 and Y again after selling production capacity in Q2 – fr


Amid reports that Tesla has already exhausted its production capacity in the second quarter, the electric car maker has implemented a new round of price increases for the Model 3 and Model Y, its two most popular vehicles. popular. The latest round of price adjustments add $ 500 to the cost of the Model 3 Standard Range Plus, Model 3 Long Range Dual Motor AWD, and Model Y Long Range Dual Motor AWD.
According to Tesla’s updated website, the Model 3 Standard Range Plus now costs $ 39,490 before options, and the long-range, dual-engine, all-wheel-drive Model 3 now costs $ 48,490 before options like white seats and after. fully autonomous. Similar to the previous round of price adjustments that began around the end of April, the price of the Model 3 Performance remains unchanged at $ 56,990 before options.

Credit: Tesla

The same is true for the Tesla Model Y. With the recent round of price hikes, the Model Y Long Range Dual Motor AWD now starts at $ 51,490. The Model Y Performance, meanwhile, kept its starting price of $ 60,990.

Tesla has implemented several price adjustments for the Model 3 and Model Y in recent months. In April alone, the company implemented two price increases of $ 500 each. But in February, Tesla rolled out a price cut for entry-level vehicles, with variants such as the Model 3 Standard Range Plus and the Model Y Long Range Dual Motor AWD getting a $ 1,000 reduction.

Credit: Tesla

While Tesla tends to keep the prices of its vehicles volatile, it’s completely understandable that the company has implemented its latest round of price adjustments on its most popular cars. Reports indicated that Tesla sold its second-quarter production capacity, after all, suggesting the company would likely have its hands full this Q2 2021 with only its existing vehicle orders.

The price increases also underscore the need for Tesla to launch its next two electric vehicle production facilities as soon as possible. Currently, Tesla is only meeting demand for its vehicles with the release of the Fremont factory and the Shanghai Gigafactory, whose Model Y ramp has only just begun. With Giga Texas and Gigafactory Berlin joining the fray, Tesla’s overall production capacity per quarter would likely see a noticeable improvement.

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