Tesla Model Y prices up already … one week after it went on sale
Well, that was quick!
Tesla has already upped the prices for its Model Y electric SUV – only a week after the car went on sale.
The price of the entry-level Model Y Rear-Wheel Drive is now $72,300 before on-road and ordering costs. That represents a $3400 increase. The drive-away price is now about $78,000.
The Model Y Performance has increased by about $4500 to $104,053 (including luxury car tax) before on-road costs, or about $109,000 drive-away.
READ MORE: Tesla Model Y queues grow; electric SUV wait list extended within hours of going on sale
We can’t spot any changes to the Model Y specification or equipment, so it looks like it’s just a straight price rise.
Price rises have also been implemented across the Model 3 range.
The Model 3 Rear-Wheel Drive is now $65,500 before on-road costs, up from $63,900. It is the third price rise for the Model 3 so far in 2022.
READ MORE: Tesla Model S, X Long Range prices increase by about $15K
The Model 3 Long Range – which earlier this year had its alloy wheels downsized – has also increased to $80,619 (taking into account luxury tax). The Model 3 Performance is now $95,699 inclusive of LCT but exclusive or on-road costs.
No word from Tesla on why the cars have increased in price, but if we’re guessing, the Model Y’s popularity has a fair bit to do with it. With waiting lists already stretching to 2023 – Tesla estimates orders made today will be delivered between February and May 2023 – there’s also the potential that Tesla is accounting for anticipated inflation, something that has contributed to price rises across many industries.
Either way, those ordering today will need to fork out about 5 percent more than they would have if they popped their order in during the past week.
While it’s highly unusual for a newly-launched car to have a price rise within seven days of going on sale, it’s arguably not surprising from Tesla. The American EV brand generally doesn’t play by the traditional rulebook.
Tesla hasn’t announced pricing or opened orders for the mid-grade Model Y Long Range, but it will likely be priced around $85,000 before on-roads, or about $90K drive-away.
The Model Y Long Range is expected to arrive in Australia in 2023.
