Tesla hikes prices across all of its models by up to $6,000

·Contributing Reporter
·1 min read
Tesla

Tesla has significantly boosted prices across its EV lineup, according to changes in its online configurator spotted by Electrek. Most of the models affected are long-range versions, with the Model X AWD Long Range jumping the most, up $6,000 from $114,990 to $120,990. It's the latest in a series of price hikes for Tesla EVs this year.

The AWD Long Range Model S price also increased significantly by $5,000 from $99,990 to $104,990. The Model Y Long Range and Performance prices went up by $3,000 and $2,000 to $65,990 and $67,990 respectively. Just one Model 3 version was effected, the Long Range, jumping $3,500 from $54,490 to $57,990.

The Elon Musk-owned company didn't explain the changes, but high inflation, electronics shortages and other issues could be to blame. Last week, CEO Elon Musk reportedly said he might reduce Tesla's workforce due to to high inflation. Other EV manufacturers like Rivian and Lucid have also boosted prices recently. (GM, however, significantly lowered the price of its Bolt EV last week to $26,595.)

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