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Tesla (TSLA) will significantly increase its electric car prices across its lineup

Tesla (TSLA) has significantly increased the prices of its electric cars across its entire range and some models have raised $ 6,000.

After a year of rising prices every month in 2021, Tesla slowed the rapid rise in prices across its electric vehicles in early 2022.

The last major price increase was in March 2022 – short on long-range vehicles in April.

But now automakers are back to it.

Today, Tesla has updated its online configurator to raise prices across its entire range overnight.

Electrek Prices tracked:

Tesla Model 3

The Model 3 today received the smallest price increase on all Tesla lineups.

The Model 3 Long Range is only affected by the $ 54,490 to $ 57,990 – $ 2,500 price increase:

Tesla Model Y

The Model Y, which has become Tesla’s most popular model, has seen a huge price increase with both versions of the electric SUV increasing in cost.

  • The Model Y Long Range rose from $ 62,990 to $ 65,990
  • The performance of the Y model increased from $ 67,990 to $ 69,990

Tesla now also sells a new version of the Model Y Standard Range built in Texas, but Tesla has not yet allowed people to buy it through its online configurator and now offers it to local Model Y buyers in Texas on an invitation basis.

Tesla Model S

The Tesla Model S has also significantly increased its price today, and that was after a big $ 5,000 price increase just a few months ago.

The Model S Dual Motor All-Wheel Drive Long Range has risen from $ 99,990 to $ 104,990 with today’s price increase.

The plaid version of the flagship electric sedan is priced at $ 135,990.

Tesla Model X

Like the Model S, the Model X has seen significant price increases earlier this year and now and again today.

The Model X Dual Motor All-Wheel Drive Long Range rose to $ 120,990 from today’s price hike of $ 114,990.

That’s a significant $ 6,000 price increase for an electric SUV.

Like the Model S, the Model XLide now costs $ 138,990 at the same price

Take Electrex

As usual, Tesla won’t reveal the reason behind that price hike, but we have our doubts.

Increasing raw material prices and logistic costs are a common suspect.

Also, according to the online configurator, Tesla will be delivering a significant backlog of orders with new orders for several models from 6 to 12 months from now.

Therefore, Tesla should try to predict cost increases over time to produce those vehicles from 6 to 12 months from now.

Or maybe Tesla is looking to increase its total margins. While the company complained about rising costs during its price hike last year, its gross margins on vehicles have been steadily increasing since last year.

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