May 28, 2022

Tesla has raised the price of its electric vehicles for the second time in a month. After adding $1,000 to some long-term models last week, the automaker has now implemented much larger price increases across its entire lineup. As if electrek Prices now start at $46,990 for the base Model 3, up $2,000 from before, according to the report. The twin-engine, all-wheel-drive Model 3 now costs $2,500 more ($54,490), while the Performance Edition now costs $3,000 more ($61,990).

Tesla

Tesla

Meanwhile, Model Y prices now start at $62,990 for the Long Range version, up $2,000 from before. Tesla also increased the price of the Performance Edition by $3,000, which means you’re now getting $67,990 back. For both Model S variants, Tesla added $5,000 to their previous prices, so you’ll need to spend a minimum of $99,990 on them. However, none of the other EVs have received as much price increases as the Model X, which now costs $10,000 more than $114,990.

Even though Tesla quietly raised prices overnight, the move didn’t go out of sight. On Twitter, CEO Elon Musk hinted at the possibility of a price increase. He said both Tesla and SpaceX are seeing “significant recent inflationary pressure on commodities.” [and] logistics.” it didn’t work, but he connected For an article about the rise in commodity prices due to fears of a shortage of goods exported by Russia.

One of the materials affected by the Russian invasion of Ukraine is nickel, the price of which has more than doubled since the start of the war. Russia is the main supplier of the metal, which is an integral part of the lithium-ion batteries used by Tesla and other electric vehicle manufacturers. In addition to this, electrek Tesla is facing a huge surge in new orders as interest in electric vehicles rises due to rising gas prices.

Editor’s note: This article was originally published on Engadget.

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