Tesla raises Model Y prices again
Tesla vehicle prices vary over time. It was not uncommon to see the manufacturer sporadically adjust the price of some of these models upwards or downwards. For some time now, the general price trend has been on the rise and Tesla is no exception. After raising the price of its models last October, the manufacturer is doing it again with an increase of a few thousand dollars for one of its flagship models.
Tesla’s popular electric compact SUV, the Model Y, saw its price increase to $76,995 last October. However, it has just reached a new peak with an entry-level price for the Long Range version which now exceeds 80,000 to settle at $82,990, including transport and preparation costs. In about 1 year, that’s an increase of at least $12,000 over the price of an equivalent vehicle. For the Performance version, the price reaches $89,290.
These repeated price increases do not seem to drastically affect the popularity of the model. Although delivery times are slightly shorter than before, no doubt due to the price increase in October which has slowed popularity a bit, you still have to wait until September to get your hands on a Model Y if we order it today. At least that’s what the information posted on the manufacturer’s website suggests. This period of about 6 months is still lower than that of most other electric vehicles which command a waiting period of about a year, if not more.
Model 3 spared
While last October, the Tesla Model 3 had undergone a change of strategy on the part of the manufacturer, it is spared from this price increase. Indeed, the rear-wheel-drive, rear-wheel-drive Model 3 remains priced at $59,990 before freight and delivery, so it remains eligible for the $8,000 provincial government rebate at the time of this writing.
Last October, the standard-range, rear-wheel-drive Tesla Model 3 became the automaker’s least expensive car. The one that had an initial starting price of $52,990 saw its price gradually increase over a few weeks to $59,990. Note that this price change coincided with the change in battery technology. Indeed, the manufacturer switched from lithium-ion technology to LFP batteries for its rear-wheel drive versions last November.
In closing, the automaker raised the rates at its exclusive Supercharger charging stations a few weeks ago, following the Electric Circuit’s rate increase. Depending on the charging power and the type of terminal, the rate has risen to $1.85/minute of charging. Note, however, that the possibility of preparing the battery for recharging and the high charging speed mean that the time spent at the terminal is generally shorter than that of an electric vehicle of another brand.
