Tesla just raised its EV prices. Here's why.
New Delhi, May 18 -- Tesla often zigs when other companies zag. The latest example is electric vehicle pricing.
The company recently raised prices for some of its cars. The higher-end Model Y trims are up by $500 to $1,000. The Premium all-wheel drive version is now about $50,000. The standard rear-wheel-drive and all-wheel-drive versions still start at about $40,000 and $42,000, respectively. Model 3 prices look as if they stayed the same.
Tesla didn't respond to a request for comment about the increases.
Tesla hasn't raised Model Y prices in the U.S. since 2024, according to Barron's tracking. More EV competition and increased U.S. production capacity have kept a lid on pricing. What's more, the average price of a new EV is dropping ...
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