Tesla has adjusted the price of its two most affordable vehicles for the fourth time in a little over a month. The latest move will make some Model 3s cheaper, while some Model Ys will become less affordable.
With these changes, the base price of the Tesla Model 3 is now $42,990, $500 less than it was just a week ago. The price of the Model 3 Performance, though, remains stagnant, and the automaker still isn’t taking orders for the long range model in the U.S.
The Model Y, meanwhile, will become a little more expensive. The Model Y Performance’s price has been increased by $1,000 on the Tesla site, and it will now start at $58,990. The Model Y Long Range’s price remains the same, though, and it starts at $54,990.
Read: Tesla Slashes Up To $13k Off Prices In U.S. And Europe To Counter Sales Slowdown
Although the Model Y Standard Range is no longer being made to order, examples of the AWD model remain in the automaker’s inventory. Prices for those, too, have risen by $500, and now start at $51,490.
Both vehicles were the recipients of major price cuts in January. Tesla stoked fears of an EV pricing war when it cut the prices of the Model 3 and Model Y by as much as $13,000. Since then, though, it has subtly adjusted the prices of each vehicle more than once.
In late January, it jacked up the price of some Model Ys by $500. That move came just days before the IRS announced that it would be adjusting how it classifies electric vehicles. The decision means that the Model Y must cost now cost less than $80,000, rather than $55,000, to qualify for federal incentives worth up to $7,500.
It is anticipated, meanwhile, that the Model 3 will be updated soon with new design, an improved infotainment system, and an even more minimalist interior. That may help explain why the automaker still isn’t taking orders for the model’s Long Range trim.
Unfortunately, this may not be the last pricing adjustment that Tesla customers see. Elon Musk, the company’s CEO, previously warned that prices for the vehicles might grow as it adjusted to the added orders that the $13,000 price cut incentivized.
