Key Takeaways
- Tesla is raising Model Y prices again on April 1, giving all trims a $1,000 increase.
- Free supercharging offer will end in April.
- CEO Elon Musk emphasizes fluctuating prices are necessary to remain competitive.
After doing the exact same thing on March 1, Tesla will again raise prices for the Model Y from April 1. The previous increase affected only the Rear-Wheel Drive and Dual Motor All-Wheel Drive Long Range models, with the Model Y Performance exempted. This time around, a notice on the Tesla website says the increase will apply to “all” Model Y variants, which suggests that the RWD and LR models will be getting their second increase in as many months. We’ve reached out to Tesla for clarity, but since our only avenue is X, we doubt we’ll get a reply.
Free Supercharging Is Not Included
Tesla’s offer of free supercharging, which kicked off earlier this month, will come to an end in April. Until then, those who purchase a brand-new Model Y and take delivery before March 31 get 5,000 miles of free Supercharging. The same applies when someone trades an old car in, places an order by the end of today, and takes delivery by the end of the month.
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Trade Your Car For A Tesla And Get Free 5,000 Miles Of Supercharging Credits
The offer is only good until the end of this month.
At present, a Tesla Model Y Performance will set you back $43,990, but it’s worth remembering that this currently qualifies for Federal Tax Credits of up to $7,500, bringing the price down further. That will still be the case when the increase takes effect.
Pricing Will Continue To Fluctuate
Following some temporary price cuts in February, these increases may seem somewhat confusing, but Tesla CEO Elon Musk has reiterated in tweets and interviews that he views vehicle demand as a seasonal, cyclical matter, and that Tesla must continue adapting prices in order to remain competitive. However, these fluctuations have played havoc with Tesla resale values, so keep these factors in mind if you’re thinking of taking advantage of the current MSRP of a new Tesla. It’s also worth remembering that a new Model Y is in the works.
