Tesla’s latest round of price hikes turns base Model 3 into $ 42,000
While Tesla largely maintained its vehicle prices in the third quarter, the company has now started the fourth quarter of 2021 with a new round of price increases. The new price increases affect the Tesla Model 3 and Model Y, the company’s two high-volume vehicles.
Tesla’s vehicle prices this year have been subject to numerous adjustments, with prices for the company’s current S3XY lineup being adjusted several times in the first half of 2021. Price adjustments were tempered in the third quarter, however. , except for the cost adjustment by the company. of the base models S and X in August.
With the recent price adjustments in place, the Tesla Model 3 Standard Range Plus now starts at $ 41,990 before incentives, an increase of $ 2,000. The Model 3 Performance also saw a price increase of $ 1,000, with the vehicle now starting at $ 57,990 before incentives. Interestingly enough, the Model 3 Dual Motor AWD price remained stable at $ 49,990 before incentives.
The Tesla Model 3 Standard Range Plus is currently listed with an estimated delivery date of April 2022. Orders for the Model 3 Dual Motor AWD are listed with an estimated delivery date of December 2021, and Model 3 Performance orders are listed with delivery in November 2021. estimate.
On the Model Y front, Tesla adjusted the price of the Long Range variant of the vehicle by $ 1,000, with the all-electric crossover now starting at $ 54,990 before the incentives. The price of the Tesla Model Y Performance also saw an increase of $ 1,000 to $ 61,990 before the incentives. Estimated delivery dates for the Model Y Long Range are listed as April 2022, while the Model Y Performance is listed with an estimated delivery date as December 2021.
The Tesla Model S and Model X have not been affected by the recent round of price adjustments.
Tesla’s prices this year have been volatile, but despite this, demand for the company’s electric cars appears to be stable. Tesla’s numbers have so far continued to grow quarterly this year, with the third quarter of 2021 even beating TSLA bulls’ estimates with 241,300 vehicle deliveries. For context, Tesla delivered half a million vehicles in 2020, which was already a remarkable achievement in itself.
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