Connect with us

Company News

Tesla Raises Prices for Model Y Cars by $1,000 in the US

Published

on

Tesla Charger

Tesla has raised the price for all its Model Y cars by $1000 in the United States, according to the statement released by the company. 

According to the Tesla website, the base variant of the Model Y will now be priced at $44,990, while the long range and performance variants will cost $49,990 and $53,490, respectively.

This hike follows Tesla’s announcement in March of their intention to raise prices for the Model Y by $1,000 effective April 1.

The increase comes amid ongoing fluctuations in the automotive market and supply chain challenges, with Tesla citing various factors contributing to the adjustment.

This move underscores the dynamic nature of pricing strategies in the automotive industry and the impact of market conditions on consumer costs.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Sign up for our  Daily newsletter

We’ll be in your inbox every morning Monday-Saturday with all the day’s top business news, inspiring stories, best advice and reporting from Entrepreneur, To share your newsletter use this email: entrepreneuredition@gmail.com

Advertisement
Advertisement
Advertisement