Tesla Increases Prices across Entire EV Lineup, Entry-Level Model 3 Now Starts at $47,000

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Did you happen to buy a new Tesla this past week? Consider yourself lucky in the savings department, as the company has implemented substantial price increases throughout its entire range of EVs. They include the entry-level Model 3, which now costs $2,000 more, making $46,990 the minimum price that someone has to pay to get into the Tesla family, and the Model X, the standard version of which now includes a $10,000 premium. Tesla CEO Elon Musk hinted at the price increases over the weekend, tweeting that Tesla and SpaceX are facing “significant recent inflation pressure.”

  • Model 3 Rear-Wheel-Drive: $46,990 (+$2,000)
  • Model 3 Dual Motor All-Wheel Drive: $54,500 (+$2,500)
  • Model 3 Performance: $61,990 (+$3,000)
  • Model Y Long Range: $62,990 (+$2,000)
  • Model Y Performance: $67,990 (+$3,000)
  • Model S: $99,990 (+$5,000)
  • Model S Plaid: $135,990 (+$5,000)
  • Model X: $114,990 (+$10,000)
  • Model X Plaid: $138,990 (+$12,500)

Tesla increases prices throughout whole lineup, its cheapest electric car now starts at $47,000 (Electrek)

  • Things started calm in 2022, but last week Tesla implemented its first price increase of the year, charging $1,000 extra for all of the vehicles equipped with long-range battery packs. Now this new price update includes more significant price increases.
  • All those price increases throughout the lineup apply only to new orders being placed today and going forward. For most versions, Tesla is guiding a delivery timeline of at least a few months – up to the end of the year for the cheapest versions.
  • As we reported last week, Tesla is seeing a massive surge in orders recently that appears to be linked to the increased interest in electric cars due to the surge in gas prices.

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Tsing Mui
News poster at The FPS Review.

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