Tesla quietly raises prices on four of its EVs

Tesla quietly raises prices on four of its EVs

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Four of Teslas EVs got price hikes this weekend | Photo by Amelia Holowaty Krales / The Verge

Tesla quietly raised prices of four of its electric vehicles this weekend, a few days after the automaker announced a record $1.6 billion profit in its third quarter. First reported by Electrek, the base Model 3 and Model Y electric vehicles are each priced $2,000 higher, at $43,990 and $56,990 respectively. In addition, the base Model S and Model X vehicles will each cost $5,000 more, at $94,990 and $104,990

Tesla had a banner third quarter despite the global semiconductor shortage that has plagued other carmakers. Tesla CEO Elon Musk said in June that Tesla’s incremental price hikes on the Model 3 and Model Y during the first half of 2021 were due in large part to supply chain shortages. But the company was able to rewrite its vehicle…

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