Tesla Model Y Hit With $1k Price Bump Just Two Weeks After Premiere

Less than two weeks after the Model Y was unveiled, Tesla has bumped up prices for the compact electric SUV.

When first announcing the crossover sibling to the Model 3, Elon Musk stated that the Standard Range model would start at $39,000, the Long Range at $47,000 and the Dual Motor AWD at $51,000, while the Performance would be available from $60,000. The price for the Long Range has since been bumped at $48,000, the Dual Motor AWD now starts at $52,000, and the Performance is available from $61,000.

Tesla hasn’t said whether the Model Y Standard Model will also be hit with the same $1,000 price hike. It also remains unclear if customers who have already put down a Model Y deposit will pay the original price or will have to cough up an extra grand.

It is not just the Model Y which will cost a little more than advertised, though.

Over the weekend, Musk announced that all current models in the Tesla family inventory will have their prices increased by three per cent. This price increase only impacts those cars which Tesla has already built but hasn’t sold and brings their prices up to those of its new cars available online.

Tesla’s new pricing scheme come after a number of price fluctuations this year. As CNET reports, Tesla dropped prices for a number of models in January and later that month, cut them once again. Tesla then said it would shut down its retail locations to reduce prices even further. However, the automaker has since changed its mind and won’t be closing its retail locations.