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Tesla will raise U.S. prices for Model Y vehicles by $1,000 on April 1 From Reuters


©Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo

(Reuters) – Tesla on Friday said it will raise prices of all Model Y cars in the United States by $1,000 starting April 1, the automaker said on its website.

“Prices will increase by $1,000 for all Model Y trims starting April 1,” Tesla (NASDAQ:) said on its website.

On March 1, the company had also raised prices of its Model Y rear-wheel-drive and long-range vehicles by $1,000 to $43,990 and $48,990, respectively.

Tesla has not explicitly clarified whether the April increase will be in addition to the March increase for rear-wheel and long-range models.

Tesla had temporarily cut prices on some of its Model Y cars in the United States in February, nearly a month after cutting prices in Europe and China.

“This is the essential dilemma of manufacturing: Factories need continuous production to be efficient, but consumer demand is seasonal,” CEO Elon Musk said in February, responding to a post on Tesla’s it said prices would rise in March.

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