Tesla has once again increased Model 3 and Model Y prices ahead of the holiday season

-

-Advertisement-

The 2021 holiday season is approaching in full swing and Tesla has once again surprised its potential buyers with another Model 3 and Model Y price increase. The automaker had already raised the prices of its cars twice in October. In 2021, this is probably the 7th or 8th pricing shuffle by Tesla.

When Tesla increased the prices of Model 3 and Model Y last month, the higher trims and Performance variants were unaffected by this change. But this time, Tesla has increased prices for all the variants of Model 3 & Y.

Not just prices, Tesla has made some changes to the naming conventions as well. The base variant of the Model 3 which was previously had the suffix of “Standard Range Plus” is now simply called “Model 3”. It will no longer be officially referred to as Standard Range Plus or SR+ from now on.

Let’s go through the new Model 3 and Model Y prices one by one.

Tesla Model Y Accessories by EVANNEX (Sponsored Banner).
– Sponsored –

New Model 3 Prices (November 2021)

Tesla has raised prices by $1,000 for each of the three Model 3 variants. At $44,990, the Standard Range Plus (now Model 3) base variant of the entry-level Tesla is the most expensive since its launch in 2017.

Tesla has also bumped the range of the base Model 3 by 5 miles. Previously, it was 262 miles, now the configurator is showing 267 miles of EPA estimated range. It is currently unclear that this range increment is due to a software update or the LFP battery implementation in the base Model 3.

The list of new Model 3 prices is as follows:

  • Model 3 (previously Standard Range Plus): $44,990
  • Model 3 Long Range All-Wheel Drive: $50,990
  • Model 3 Performance: $58,990
Screenshot: Tesla Model 3 prices as of November 05, 2021.
Screenshot: Tesla Model 3 prices as of November 05, 2021. Source: Tesla online car configurator.
– Advertisement –

Possible impact on Hertz 100k Model 3 order price

One interesting new scenario has built up here with the price hike. Just a few days back, the automaker’s CEO Elon Musk posted on Twitter that Hertz and Tesla have not yet signed a contract for the 100,000 Model 3 purchase by the car rental company.

He also noted earlier that Hertz will get no discount. If a contract was still pending before yesterday’s price increase of $1,000 to the Model 3 base variant, Hertz will most probably end up paying an additional $100M above its order amount of 4.39B.

After so much advertisement and social media impact, Hertz is certainly not going to retreat from the deal.

New Model Y Prices (November 2021)

In the absence of a Rear-Wheel Drive (RWD) base variant, Tesla Model Y starts from the All-Wheel Drive Long Range variant. Model Y has also received a $1,000 price increment for both the Long Range and Performance variants each.

New Model Y prices are as follows:

  • Model Y Long Range AWD: $57,990
  • Model Y Performance: $62,990
Screenshot: Tesla Model Y prices as of November 05, 2021.
Screenshot: Tesla Model Y prices as of November 05, 2021. Source: Tesla online car configurator.

New Paint Prices

Tesla has also made changes to the paint prices for both Model 3 and Model Y. Besides the Pearl White Multicoat, the Midnight Silver Metallic (gray) color is now included in the base price of the vehicle. This gives potential buyers 2 choices of included colors now.

However, Tesla has increased the price of the Solid Black color from $1,000 to $1,500. Solid Black used to be the included color when Tesla Model 3 was launched but back in June 2019, Tesla decided to offer the White color as included in the base price of the vehicle. Pearl White Multicoat was then called Simple White.

Stay tuned for constant Tesla updates, follow us on: 
Google News | Flipboard | RSS (Feedly).

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

4 COMMENTS

  1. Hertz has put itself in a pretty bad situation making a big announcement and starting an ad campaign about 100000 without negotiating a contract first. if Tesla does not offer them any price cut, they will probably and up still buying them at MSRP but will increase the price to rent

Comments are closed.

Latest News

Tesla (TSLA) wins a multi-billion dollar Megapack deal for battery energy projects in California and Texas

Tesla Energy (TSLA) won a multi-billion dollar deal for supplying its large Megapack batteries to Intersect Power. This battery...

Tesla (TSLA) raises prices of its flagship Model S and Model X EVs in the US and Canada

Tesla, Inc. (TSLA) increased the prices of its flagship luxury sedan Model S and luxury electric SUV Model X...

Tesla Model Y RWD owners can unlock 50 miles of extra range for $1,600 via an OTA update

Tesla (TSLA) is now offering some of its Rear-Wheel Drive (RWD) Model Y owners a chance to unlock 50...

Elon Musk explains the reason behind the delay of the Robotaxi unveiling event

Tesla CEO Elon Musk announced the unveiling date of the Robotaxi a few months ago. The automaker originally planned...
- Advertisement -

SpaceX performs a static fire test on Flight 5 Super Heavy rocket booster (videos, pics)

SpaceX conducted a static fire test on the Flight 5 Super Heavy rocket booster yesterday. This specific version of...

Watch the Flight 4 Super Heavy booster make a vertical splashdown landing in the ocean, Flight 5 landing will be caught by tower arms

It has almost been 3 weeks since Elon Musk's SpaceX launched Starship for the 4th time from its Starbase,...

Flight 4 Starship survives reentry burn and makes a successful splashdown landing

Yesterday’s Starship launch (Flight 4/IFT-4) accomplished all of its goals. The successful launch and reentry of both Super Heavy...

Tesla Tips & Tricks

Here’s how to recalibrate your Tesla battery to regain lost miles on range

Due to some improper charging habits, a Tesla vehicle's...

Tesla adds Automatic Headlights with wipers and a ton of new features in the 2023.26 update (Release Notes)

Tesla rolled out a brand new over-the-air (OTA) software...

Calculating Tesla Model 3 range loss through a cold winter night (video)

As the holiday season is nearing, cold weather is...

Tesla Quarterly Reports & Eearnings

Tesla (TSLA) stock grew more than 40% in an 11-day rally

The share price of Tesla, Inc. (NASDAQ: TSLA) closed...

Tesla (TSLA) makes a comeback with 57,146 more EVs delivered in Q2 2024 compared to Q1

Tesla (TSLA) announced the company's Q2 2024 vehicle production...
- Advertisement -

You might also likeRELATED
Recommended for You