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Tesla price increases strike again, Model 3 and Model Y Long Range more expensive

The electric sedan and SUV now cost $1,000 more as Tesla keeps the price increases coming.

Tesla Model 3
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Tesla Model 3

The EVs are even pricier now.

Tesla

Tesla on Thursday instituted another round of price increases for its two most popular electric cars, the Model 3 and Model Y. The Street first reported on the price bumps, which sees the Model 3 and Model Y Long Range variants creep upward by another $1,000. Now, the Model 3 Long Range is a $51,190 EV after a $1,200 destination charge. The Model Y Long Range now costs $55,190 after the destination charge.

While these prices increases began as $500 here, $1,000 there, the Long Range variants now cost $3,000 more than they did at the start of this year. Tesla CEO Elon Musk said in June the numerous price increases are due to "major supply chain price pressure industry-wide," when responding to a Twitter user. Tesla does not operate a public relations department to field requests for comment.

Tesla, like other automakers, is facing supply chain woes amid the chip shortage as the ever-important components remain scarce. 

For now, the Model 3 Standard Range remains untouched in the latest price increases. It still costs $41,190, though the price is up $2,500 since March. The Model S and Model X prices also hold steady.

Tesla Model 3 remains the gold standard for electric sedans

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Sean Szymkowski
It all started with Gran Turismo. From those early PlayStation days, Sean was drawn to anything with four wheels. Prior to joining the Roadshow team, he was a freelance contributor for Motor Authority, The Car Connection and Green Car Reports. As for what's in the garage, Sean owns a 2016 Chevrolet SS, and yes, it has Holden badges.
Sean Szymkowski
It all started with Gran Turismo. From those early PlayStation days, Sean was drawn to anything with four wheels. Prior to joining the Roadshow team, he was a freelance contributor for Motor Authority, The Car Connection and Green Car Reports. As for what's in the garage, Sean owns a 2016 Chevrolet SS, and yes, it has Holden badges.

Article updated on July 23, 2021 at 9:03 AM PDT

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Sean Szymkowski
It all started with Gran Turismo. From those early PlayStation days, Sean was drawn to anything with four wheels. Prior to joining the Roadshow team, he was a freelance contributor for Motor Authority, The Car Connection and Green Car Reports. As for what's in the garage, Sean owns a 2016 Chevrolet SS, and yes, it has Holden badges.
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