Tesla Raises Car Prices Due to Inflation & Rising Cost of Raw Materials, Logistics

Tesla Raises Car Prices Due to Inflation & Rising Cost of Raw Materials, Logistics

Image: Tesla

Tesla has again raised the price of its vehicles as it faces the global economic crisis. Prices for raw materials and logistics, as well as inflation, are rising, exacerbated by Russia's attack on Ukraine.

Tesla has again raised the price of its line of vehicles in response to the overall global economic situation. Customers who did not place an order already and have not locked in the previous MSRP will now pay more. Elon Musk said last Sunday that Tesla and SpaceX had recently experienced significant inflationary pressure on materials and logistics. For example, raw materials such as nickel and lithium, key components of electric vehicle batteries, have risen in price significantly, which has an effect on the final cost of its cars.

To date, all Model 3, Model Y, Model S, and Model X variants have received a price increase ranging from $3,000 to $12,500. However, this should not come as a surprise, because it is absolutely logical that over time, the cost of raw materials increases. In addition, the company's vehicles are in high demand and Tesla's current production capabilities cannot satisfy it.

The base Model 3 (formerly the Standard Range Plus) received the smallest rise of the entire line, at $2,000. Model 3 Long Range increased by $2,500. Model 3 Performance is now $3,000 more expensive.

The new Tesla Model 3 prices:
Tesla Model 3: $46,990
Tesla Model 3 Long Range AWD: $54,490
Tesla Model 3 Performance: $61,990

In addition, the cost of both Model Y variants in the United States was increased by $3,000. Here is a list of new prices:
Tesla Model Y Long Range AWD: $62,990
Tesla Model Y Performance: $67,990

The price of the base Tesla Model S Long Range AWD has increased by $5,000, while Model S Plaid went up $6,000. Here is a list of new prices:
Tesla Model S Long Range: 99,990
Tesla Model S Plaid: 135,990

Tesla Model X prices have risen the most from the latest price inflation. Here is the list of prices:
Tesla Model X: 114,990
Tesla Model X Plaid: 138,990

© 2022, Eva Fox | Tesmanian. All rights reserved.


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About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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