On March 14, 2024, pedestrians walked past a Tesla store in Shanghai, China.
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Tesla The automaker said on Friday it would increase the price of all Model Y vehicles in the United States by $1,000 starting April 1, the automaker said on its website.
“Starting April 1, the price of all Model Y models will increase by $1,000,” Tesla said on its website.
The company also announced on March 1 increase price Model Y rear-wheel drive and long-range vehicles jump $1,000 to $43,990 and $48,990, respectively.
Tesla has not made it clear whether the April price increase will be based on the March price increase for rear-wheel and long-range models.
In February this year, Tesla temporarily lowered the prices of some Model Y vehicles in the United States for nearly a month. Big price reduction Across Europe and China.
“This is the fundamental dilemma of manufacturing: Factories need to keep producing to be efficient, but consumer demand is seasonal,” Chief Executive Elon Musk said in February in response to a Tesla said the post said prices would increase in March.
Tesla will raise prices in Europe too
Separately, Tesla said on Saturday it would increase the price of its Model Y electric vehicle (EV) in several European countries by about 2,000 euros ($2,177) or the local currency equivalent on March 22.
Tesla’s profit margins have been hurt by a price war with rivals that began more than a year ago.
In January, Tesla warned that sales growth would “slow significantly” this year as it focused on producing its next-generation electric car, code-named “Redwood.”
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