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Home Electric Vehicles

Tesla increases prices for Model Y cars in the US by $1,000

David Ijaseun by David Ijaseun
April 1, 2024
in Electric Vehicles
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Tesla Model Y

Tesla Model Y

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Tesla has increased the prices of all its Model Y cars in the United States by $1,000, as announced on its website. The base variant of the Model Y will now cost $44,990, while the long-range and performance variants are priced at $49,990 and $53,490, respectively.

The decision to raise prices comes after Tesla had previously indicated in March that it would increase prices for all Model Y cars in the US by $1,000 starting April 1. This move reflects Tesla’s strategy to adjust pricing based on demand and production capacity.

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Tesla’s pricing strategy has been dynamic, with frequent changes aimed at managing demand and production. The company has often used price adjustments to stimulate demand during periods of excess production capacity.

Read more on Honda partners Nissan to compete against Tesla, BYD, other EV rivals

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