Price Swing: Tesla Increases Entry Prices for Model 3 and Model Y

Tesla Model Y image

Lower in February, higher in March-May 2021: it’s about the starting prices for Tesla’s Model 3 sedan and Model Y crossover.

Prices grew by $500 and now they are $41,190 for the Model 3 Standard Range Plus RWD with a 263-mi range and $53,190 for the Model Y Long Range with 326 miles of the EPA-rated driving range.

Those versions are currently the entry-level ones after Tesla dropped the Standard Range Model Y earlier this year.

In early 2021, the manufacturer significantly lowered both models’ base prices to increase them again later. The latest increase achieves $500. Taking into account all price rises, the Model 3 and Model Y is now a whole $3000 more expensive than they were after the initial decrease in February 2021.

As before, the Performance versions cost $58,190 (Model 3) and $62,190 (Model Y). The Model 3 Long Range’s actual price is $50,190. It comes with all-wheel drive and provides 353 miles of range on a single charge.

Tesla’s vehicles are still pricier than many EVs of other brands, but Teslas can boast longer driving ranges. What is the reason for price changes? Car and Driver suppose this is because of the semiconductor chip shortage Tesla suffers as other automakers. It may be so…

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