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Tesla To Increase Price On Model 3 and Model Y Electric Vehicles As Nickel Prices Surge

Credit: Electrek

From Electrek.co…

Tesla has updated its pricing for the Model 3 and Model Y, raising the prices of the long-range versions by $1,000.

It comes as nickel prices are surging.

In 2021, Tesla made so many price increases that we have lost count.

The automaker blamed the increases on being under pressure from supply chain constraints following the COVID-19 pandemic, but it is also fair to note that Tesla’s gross margins went up throughout the year.

Things have calmed down on that front over the last few months with Tesla’s last price increase in November.

But now Tesla is back with a new update to the Model 3 and Model Y configurations, and it is again an increase in price.

The price of the Model 3 Long Range increases by $1,000 from $50,990 to $51,990:

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