Tesla has once again raised the prices of its line of cars in the US for the third time in the past month.
Here’s a quick summary of the changes:
Model 3
Model 3 Standard Range + increased by $ 500 ($ 37,990- $ 38,490)
Model 3, non-working over long distance increased by $ 500 ($ 46,990- $ 47,490)
Model 3 Performance increased by $ 1000 ($ 55,990 to $ 56,990)
Model Y
Model Y not working long distance increased by $ 500 (From 49,990 to 50,490 dollars)
Model Y Performance hasn’t changed ($ 60,990)
Model S / Model X
Prices for Model S and Model X hasn’t changed (see table)
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2021 was a volatile year for Tesla prices in the US, as shown in the table below. After fluctuations during the first quarter, prices for the Model 3 have increased by $ 500-2000 since the beginning of the year, and for the Model Y by $ 500-1000. Tesla also raised the price of its Model Y in China at the end of the first quarter.
Along with Tesla’s record first-quarter results, the company’s rise in prices over the past month could also be a sign of strong demand. With nearly 5,000 more vehicles shipped than were produced in the first quarter, Tesla has stocks of just nine days. Typically, auto maker stocks are between 60 and 80 days.
With inventories so low, Tesla could raise prices to better balance supply and demand, or changes could be the result of increased costs for the automaker as supply chain problems persist in the auto industry. Elon Musk took to Twitter on Thursday thank the Tesla suppliers to provide critical parts, but the company has also delayed shipping estimates for some of its customers of refurbished Model S vehicles that have yet to ship.
To learn more about today’s Tesla news, watch the accompanying video.
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Disclosure: Rob Maurer is long TSLA and derivatives.
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