Tesla Bumps up Pricing on Most Models
Tesla quietly increased pricing on several models via its website this week, with the new Reuters noticed the changes on Thursday. Other adjustments include moving the Model 3 Standard Range Plus to $37,490 (up from $36,990) and Model 3 Long Range AWD to $46,490 (from $45,990). The Model Y Long Range also grew $1,000 dearer and now costs $51,190.
Though, before we make any final assessments about Tesla, it should be said that the company constantly fiddles with its pricing. Just a few weeks ago, the electric brand dropped pricing on the Standard and Long Range versions of the Model 3 by $1,000 (presumably to counter the updated Chevrolet Bolt). It also axed the base-level Model Y from the lineup and increased costs of performance variants by about a grand.
Tesla no longer has a public relations department and never issues statements to the media, meaning we’ll be stuck speculating on why it’s rejiggering pricing once again. Perhaps it thinks the new administration will greenlight new subsidies on EVs, needs to account for production costs associated with updates, or believes customers leaning toward specific products will be more/less capable of spending money.
If we’re lucky, we might be able to glean something during the next earnings report. No date for that has been decided, but history suggests early May.
[Image: JL IMAGES/Shutterstock]
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Does the S and X go down the same paint line as the 3 and Y? Some of those two year old Model 3s are starting to look like a Vega in Cleveland after two years winter exposure. The S models had good paint in the early low production rate years.
Explain what? On some models it doesn't even cover inflation for the year.