July 25, 2024


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Tesla slightly increases the price of the Model Y.

Tesla slightly increases the price of the Model Y.

Tesla has increased the price of its cheapest Model Y by $250. The delivery schedule has also been pushed up – showing that Tesla is seeing strong demand for the vehicle.

After steadily lowering the prices of its electric cars throughout the first half of the year, Tesla appears to have slowed its price changes over the past month.

There were minor price increases, and now, the automaker has done it again for the base Model Y.

Last night, Tesla updated its online configurator to increase the price of the Texas-built Model Y AWD from $47,490 to $47,740:

Tesla previously said it was closely monitoring production capacity and order flow to adjust prices in order to keep them in line.

Along with the price increase, Tesla has pushed its delivery window back by a month — now from July to August.

This is a sign that Tesla has enough demand for the Texas-built Model Y AWD to get through the batch of deliveries at the end of the quarter.

Prices for other versions of the Model Y remained the same. All Tesla Model Y vehicles currently have access to a $7,500 federal tax credit for electric vehicles.

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This is a good sign that Tesla’s current demand is good or stable — at least for the Model Y.

The Model 3 is clearly in an awkward position right now with the impending update discounting and stock vehicles.

Stock of the new Model 3 is still ticking up right now, so we may see more discounts on that front in the next couple of weeks before the end of the quarter.