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Model Y now starts at $67,190


Tesla has once again raised the prices of its vehicles in its home market of the United States — this time by $2,000 to $6,000, but omitted some models.

The popular base price of the Tesla Model Y has been increased by $3,000, to $67,190 (all including the mandatory $1,200 destination fee), while the Model Y Performance version is now $71,190.

These prices are high, far exceeding the expected 2020 launch price for the Model Y.

Tesla Model Y

Tesla Model Y

The cost of other models also skyrocketed. The Model S now starts well in triple digits, at $106,190, while the Model X starts at $122,190.

Tesla’s most affordable model, the base Model 3, now powered by lithium-iron-phosphate (LFP) chemistry, appears to be gone. It’s still at $48,190—where it landed after a March price increase—But the base price of the Model 3 Long Range has been increased by another $2,500, to $59,190.

2022 Tesla Series (Courtesy of Tesla, Inc.)

2022 Tesla Series (Courtesy of Tesla, Inc.)

Based on several reports, the automaker has delayed deliveries of many of its Performance and Long Range models over the past week, while those with LFP batteries appear to be continuing on schedule. That’s an unusual pattern, as near the end of the quarter, Tesla typically aims to increase some deliveries. It’s not clear if that’s due to specific raw material sources or to a much larger production need for higher-priced vehicles.

Tesla prices from 2021 to 2022 have increased so much, so often that we have essentially stopped talking about incremental increases. But Tesla’s last notable price hike comes in March 2022 — when we calculate another $2,000 price change that makes the Model 3 a bit more expensive. a third more than a year earlier.

Part of the blame is on supply chain squeeze and inflation. But with Tesla, that’s not quite the case; It’s what every other automaker dreams of: Rising demand.

As Tesla CFO Zachary Kirkhorn explained last year, part of the problem is that demand for the brand’s vehicles is growing. faster than the company can ramp up production. Tesla has said that it still target 50% annual sales growth despite recent supply chain challenges, that may not be enough to meet demand.

Giga Texas Opening - April 2022

Giga Texas Opening – April 2022

Tesla has about 18 months, as Bloomberg pointed out last week, before the industrial boom of other global automakers — namely VW —can start to get over it in electric vehicle sales. For Tesla, its continued success in supplying enough demand may depend on the rapid growth of its factories in Germany and Texas.



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