Prepare to pay more for a newor . This week, the automaker quietly updated its online configurator and increased the prices of both its EVs. Now, the least expensive Model 3 will run $43,490 after a $1,200 destination charge (a $2,000 increase). The Model Y climbed to $54,990 after the same $1,200 destination fee, meaning a $2,000 overall increase for the Model Y Long Range.
As for the rest of Tesla's cars, the Model 3 Long Range hangs on to its previous price tag of $49,990, while therose by $1,000 to $57,990. The Model Y Performance, the only other Y variant on sale, is now $61,990 -- anotehr $1,000 increase.
Tesla's been on a tear this year: It's increased prices numerous times, sometimes as often as every couple weeks. Although Tesla does not operate a public relations department to field requests for comment, CEO Elon Musk addressed theearlier this year. According to Musk, the supply chain issues plaguing so many industries is the culprit. However, it may be much-needed cover to increase margins on the brand's EVs. Musk has also warned employees in the past tat the company needs to after keeping in the black largely due to the sale of regulatory credits.