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At $48,190, the Base Model 3 is now a third more expensive than it was a year ago

Tesla has once again raised prices across its entire product line, pulling the automaker further and further away from mass-market affordability.

Tesla Model 3 was launched with the promise of a Base price $35,000, but for now, the Model 3 rear-wheel drive Base version starts at $48,190. That’s a $2,000 increase from the most recent (higher) price, and almost a third more than it was this time last year, when you could get the Model 3 Standard Range Plus for $37,190.

Rear-wheel drive in today’s base Model 3 has more range than the Standard Range Plus, but that discontinued model accelerates faster. The Model 3’s rear-wheel drive system also uses LFP batteries, which is undesirable for those experiencing extreme cold.

Tesla Model Y

Tesla Model Y

Tesla’s other Model 3 variants also increased in price. The Model 3 Long Range now starts at $54,490 ($2,500 up) and the Performance Model 3 starts at $61,990 ($3,000 up).

The base price of the entry-level Model Y Long Range has increased by $3,000 to $62,990. So the most affordable Model Y is now about $23,000 more than it was this time last year. In February and March 2021, the now discontinued Model Y standard range costs just $41,190. After Tesla discontinued the Standard Range, the underlying price went up the past of the original Model S.

The Model Y Performance was then just $62,190. Tesla then increased the base price to $64,990 and now has a starting price of $67,990.

2021 Tesla Model X

2021 Tesla Model X

Tesla also raised the base price of the dual-engine Model X to $114,990 — a $10,000 increase from earlier this week. The three-engine Model X Plaid now starts at $138,990 – a $12,500 increase. The base price of the Model S is currently $99,990 for the dual-motor version ($5,000 increase) and $135,990 for the Model S Plaid ($6,000 increase).

Tesla did not give an official explanation for the price increase, but in Recent Tweets CEO Elon Musk pointed to inflation. That could significantly affect battery costs, which are now not expected to fall further until 2024, according to a report. recent analysis.

2021 Tesla Model S Plaid

2021 Tesla Model S Plaid

Don’t completely rule out a future price drop. Tesla said that 4680 cell formatting will be key to cutting costs in the long run. And Panasonic recently confirmed it will build the format.

Not all electric vehicle prices have increased in the past year. Chevrolet and Nissan have discounted prices on EV . Bolts and Leafcorresponding.

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