Electric car giant Tesla decided to make a serious hike, especially after the world-wide increase in raw material prices due to the Russia-Ukraine war, with its reflection on inflation. The company had made increases in the range of $ 2,000 to $ 12,500 in all car models.
While the starting price of Model 3, Tesla’s most affordable model, increased to $ 46,990 after the hikes, another sad news came today. Tesla has decided to raise the price of Model 3 again. The new hike was made for Model 3’s Performance and Long Range AWD models. The price change in the mentioned models was as follows:
Tesla Model 3’s new increased prices
- Tesla Model 3 Long Range AWD: 54.490 $ -> $55,990 (+1,500)
- Tesla Model 3 Performance: $61,990 -> $64,990 (+$3,000)
The standard starter model of the Tesla Model 3 Although the price of the Rear-Wheel-Drive model remained stable at 46,990, the new hikes managed to surprise many. Tesla had just set the price of the Long Range model, which is the middle model in the last quarter of 2021, as 49,990. The Performance model, on the other hand, was $57,990, which is almost the same as the current price of the Long Range.
Tesla CEO Elon Musk, in a previous statement, explained why prices increased so quickly. Musk stated that the reason behind the price increases was the pressure on the supply chain across the auto industry. In addition, the increase in demand for raw materials was one of these reasons.
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