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Tesla to raise US prices for Model Y vehicles by $1,000 on April 1
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Tesla to raise US prices for Model Y vehicles by $1,000 on April 1
Mar 15, 2024 9:19 PM

March 15 (Reuters) - Tesla on Friday said it

will increase prices for all Model Y cars in the United States

by $1,000 on April 1, the automaker said on its website.

"Prices will increase by $1,000 for all Model Y trims on

April 1," Tesla said on its website.

The company on March 1 had also raised the prices of its

Model Y rear-wheel drive and long-range vehicles by $1,000 to

$43,990 and $48,990, respectively.

Tesla did not make it explicitly clear if the April increase

would come on top of the March increase for the rear-wheel and

long-range models.

Tesla had temporarily cut prices of some of its Model Y cars

in the U.S. in February, nearly a month after it slashed prices

across Europe and China.

"This is the essential quandary of manufacturing: factories

need continuous production for efficiency, but consumer demand

is seasonal," CEO Elon Musk said in February, replying to a post

on X from Tesla saying prices would go up in March.

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