Tesla raises Model Y prices in the US for the first time since 2024

Tesla Model Y.webp

No statement accompanied the changes, and Tesla offered no public rationale for the decision.

Tesla has quietly put up the price of its Model Y range in the United States, with the increases taking effect on Saturday and listed on the company's website without explanation, news agency Reuters reported. The all-wheel drive and rear-wheel drive premium variants have each gone up by $1,000, now retailing at $49,990 and $45,990 respectively. The higher-spec Model Y Performance all-wheel drive has also risen, though by a smaller margin of $500, bringing its new price to $57,990.

No statement accompanied the changes, and Tesla offered no public rationale for the decision.

The last time the electric vehicle maker touched Model Y pricing was in early 2024, when it raised the cost of the entire Model Y line-up by $1,000 across the board -- meaning Saturday's move ends a two-year period of stability on its best-selling model.

The increases come despite a turbulent period for the brand. In August last year, Tesla pushed up the price of its most expensive Cybertruck variant by $15,000 in the US, even as the pickup faced weaker-than-anticipated demand and a string of recalls.