All Tesla Model Y Trims Will Cost $1,000 More On April 1, 2024

By 3 Min Read

Within two weeks (on April 1, 2024), all trims of the Tesla Model Y in the United States will become more expensive by $1,000.

The company announced the upcoming price increase on the model’s ordering page.

Prices will increase by $1,000 for all Model Y trims on April 1.

This appears to be Tesla’s latest move to encourage potential buyers to order now.

Additionally, all new Model Y orders (cash or finance purchases) that are delivered by March 31 will come with 5,000 free Supercharging miles. Those who trade in a vehicle can receive an additional 5,000 miles for a total of up to 10,000 miles.

These two elements indicate that Tesla intends to boost sales results in the first quarter of 2024. Showing some growth is always important for a publicly traded company. In the past, Tesla CEO Elon Musk also said that prices change to keep the factories busy and efficient (at a stable production rate).

Let’s recall that Tesla currently offers three versions of the Model Y in the U.S.:

  • RWD: $43,990
  • Long Range AWD: $48,490
  • Performance: $52,490

Prices of the RWD and Long Range AWD versions were temporarily lowered by $1,000 in February.

If the price increases by $1,000, the change will be worth 2.2% for the entry-level RWD version and 1.9% for the top-of-the-line Performance version.

Model Base Price Dest. Charge Tax Credit Effective Price
2024 Tesla Model Y RWD 19-in $43,990 +$1,640 $7,500 $38,130
2024 Tesla Model Y RWD 20-in $45,990 +$1,640 $7,500 $40,130
2024 Tesla Model Y Long Range AWD 19-in $48,990 +$1,640 $7,500 $43,130
2024 Tesla Model Y Long Range AWD 20-in $50,990 +$1,640 $7,500 $45,130
2024 Tesla Model Y Perf. LR AWD 21-in $52,490 +$1,640 $7,500 $46,630

* Tesla adds a Destination fee (DST) of $1,390 and an Order Fee of $250 to all its models ($1,640 total).

The U.S. is not an exception. Tesla price changes are also coming to other markets. In Canada, prices of RWD and Long Range versions are already $1,000 CAD higher than before, according to Drive Tesla Canada.

On March 22, prices of the Model Y will also increase in Europe. The change will be even bigger—about €2,000, which is about $2,180.


Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *