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Tesla Hikes Model 3, Model Y Long Range Prices

The least-expensive all-wheel-drive Tesla electric cars are now more expensive than ever.

Tesla quietly upped the cost of entry by $1,000 on the Long Range versions of its Model 3 sedan and its Model Y SUV. The price hike only applies to new orders placed for its cars.

  • Model 3 Long Range: $49,990
  • Model Y Long Range: $53,990

There is still a less-expensive, rear-wheel-drive version of the sedan, though the short-lived, long-promised $35,000 Model 3 only made a brief appearance and doesn’t seem likely to return. A standard-range version of the Model 3 costs $10,000 less than the Long Range, but it’s down 90 miles of range. Tesla does not currently offer a standard-range, rear-wheel-drive Model Y.

Tesla is the only automaker to have consistently posted lower year-over-year average transaction prices — the amount a consumer pays before any rebates or local taxes. However, that’s not because Tesla has been making individual models cheaper; it’s because the Model Y introduced last year now accounts for about half of the company’s sales.

Unlike other automakers, Tesla bypasses dealers to sell its cars directly to consumers — albeit through a convoluted system that skirts franchise laws in most states. Tesla does not offer rebates or discounts off of its Manufacturer’s Suggested Retail Price. See Tesla models for sale

Andrew Ganz
Andrew Ganz
Andrew Ganz is an author specializing in helping in-market consumers get the most bang for their buck -- and the best car, while they're at it. When not virtually shopping for new and used cars, Andrew can probably be found under the hood of a vintage classic that's rapidly losing fluids.

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