Tesla has raised prices for its models in the United States again for the third time last month.
Here’s a summary of the changes:
Model 3 standard range + $ 500 increase ($ 37,990 to $ 38,490)
Model 3 Long Range non-performance $ 500 increase ($ 46,990 to $ 47,490)
Model 3 performance $ 1,000 increase ($ 55,990 to $ 56,990)
Inefficient model Y Long Range $ 500 increase ($ 49,990 to $ 50,490)
Model Y performance Unchanged (Price $ 60,990)
Model S / Model X
Price of Model S and Model X Unchanged (See table)
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The year 2021was a volatile year for Tesla’s prices in the United States, as shown in the table below. After volatility throughout Q1, Model 3 prices have increased by $ 500 to $ 2,000, while the Model Y has increased by $ 500-1,000 since the start of the year.Tesla also increased the price of the Model Y in China at the end of Q1.
In addition to Tesla’s first-quarter results, the company’s price hike last month could be a sign of strong demand. After delivering nearly 5,000 more cars than they were produced in the first quarter, Tesla’s car inventory was just nine days of supply. Traditionally, automakers’ inventories are approximately 60 to 80 days of supply.
With such low inventories, Tesla may raise prices to better balance supply and demand, or the shift could result from increased costs for automakers as supply chain issues persist in the industry. Automotive industry On Thursday, Elon Musk took to Twitter to thank Tesla’s supplier for the key parts, but the company also delayed shipping estimates for buyers of the refreshed Model S, which has not yet begun. Deliver
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Disclosure: Rob Maurer is a long-standing TSLA stock and derivative.