Tesla raises Model 3 and Model Y prices again, making Cybertruck its cheapest vehicle
$2,000 increase for Model 3 Standard Range Plus brings price of entry to $41,990 before destination fees
Tesla has hiked the prices of its highest-volume models this week ahead of the company's shareholder meeting Thursday evening.
The adjustments include a $2,000 increase for the Model 3 Standard Range Plus, bringing the price of entry for the Model 3 to $41,990 before destination fees are added.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 312.83 | -17.41 | -5.27% |
That means the compact sedan is now $2,090 more than the $39,900 rear-wheel-drive Cybertruck full-size pickup, which is available for reservations but not expected to enter production until late 2022.
The Model Y Long Range Dual Motor's price was also bumped up by $2,000 to $54,990 and prices for the top of the line performance versions of both models by $1,000. The mid-level Model 3 Long Range was unchanged at $49,990.
The base price for the Model 3 is now $5,000 higher than it was earlier this year after several rounds of adjustments that Elon Musk has previously attributed to the supply chain issues affecting the auto industry.
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Despite the disruptions, Tesla last week reported record third-quarter global deliveries of 241,300 vehicles built at its factories in Fremont, Calif., and Shanghai, China.