Tesla Inc TSLA has increased prices of the Model Y SUV by as much as 2,500 euros (~$2,692) in Germany, after lowering them for the first time in January.
What happened: According to Tesla’s German website, the company has increased the prices of the basic rear-wheel drive version of the electric SUV by 2,000 euros (~$2,153) and the two top-end versions by 2,500 euros (~$2,691).
The rear-wheel drive variant of the SUV is now listed at 44,990 Euros (~$48,438) on the company’s website, while the Long Range version is priced at 52,490 Euros (~$56,512) and the Performance version at 58,490 Euros (~$62,972) . .
Because matter: The new price increase for the Model Y follows a price cut in January. The rear-wheel drive Model Y then saw a price cut of 1,900 euros, while the Long and Performance versions saw a cut of 5,000 euros.
Tesla has changed Model Y prices in China, Germany, Canada and the United States since the beginning of the year. However, Germany is the first geographic area to see a price increase in addition to a price reduction.
The Model Y was the best-selling vehicle worldwide last year with more than 1.2 million units delivered, making it the first electric vehicle to claim that crown.
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