Tesla Raises Prices—for the Fourth Time this Year

Wes Raynal
·2 min read
Photo credit: Tesla
Photo credit: Tesla

  • Tesla has raised prices for the fourth time in four months.

  • The move happened late last week, the same week word came that customers were experiencing delays of some models.

  • The company plans to post 2021 Q1 financial results April 26, 2021.

If you have been paying to attention to Tesla’s website you might have noticed the automaker has raised prices for the fourth time in four months, this latest time the same week customers have been experiencing delays of their new Teslas.

Photo credit: Hearst Owned
Photo credit: Hearst Owned

Starting in February, Tesla began changing vehicle prices, and did so again in early March, and again at the end of March.

According to Tesla’s site, the increases come with a slight interior update.

The Tesla Model 3’s starting price went up $500 to $38,490, the Long Range AWD model rose $500 to $47,490, and the Performance model’s price rose $1,000 to $56,990. The Long Range AWD Model Y’s price got a $500 bump to $50,490.

It looks like Model S and Model X prices have stayed the same but as we reported a few days ago, those cars are delayed. And just a week ago we reported that Tesla managed to score a record quarter for deliveries in 2021, even with the Model S and Model X going AWOL.

Photo credit: Tesla
Photo credit: Tesla

“Tesla’s dominance of multiple EV segments which it has enjoyed for the better part of the last decade could be diluted quite a bit in the next 12 months as a large EV wave hits the market in all parts of the price spectrum,” we wrote. Raising prices every months certainly won’t help.

Meanwhile, Tesla said it is posting its financial results for the first quarter of 2021 after the market closes on Monday, April 26, 2021. The company says that at that time it will issue a brief advisory containing a link to the Q1 2021 update on its Investor Relations website. The company also says its management is planning a live question and answer webcast on April 26 at 2:30 p.m. Pacific Time (5:30 p.m. EDT) to discuss the financial and business results and outlook.

What do you think of Tesla’s price increases? Log into the comments and sound off.