After a number of price cuts this year, Tesla Inc. slightly raised the price of its Model 3 and Model Y vehicles Tuesday.
In the U.S., that’ll amount to a $250 increase. The Model 3 sedan now starts at $40,240 and the Model Y crossover starts at $47,240, according to Tesla’s website. Prices were also modestly raised for some models in China, Canada and Japan.In the U.S., that’ll amount to a $250 increase. The Model 3 sedan now starts at $40,240 and the Model Y crossover starts at $47,240, according to Tesla’s website. Prices were also modestly raised for some models in China, Canada and Japan.
In its earnings letter to shareholders in April, Tesla said pricing will continue to “evolve upwards or downwards, depending on a number of factors,” and said it expects “ongoing cost reduction of our vehicles” as the company remains “focused on operating leverage as we scale.”For more: Tesla investors’ top questions? This analyst says he has the answers
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