Tesla to Increase Model Y Prices in Europe and the US

Tesla announces price hikes for its Model Y electric vehicles starting April 1, aiming to boost first-quarter deliveries.

Tesla will raise the price of Model Y electric vehicles by approximately 2,000 euros in parts of Europe and by $1,000 in the US.
The price increases are part of Tesla's strategy to incentivize customers to place orders before the end of the quarter.
Tesla's direct-to-consumer sales model means unsold inventory directly impacts its financials.
In addition to price hikes, Tesla is offering incentives such as up to 10,000 free Supercharging miles and three months of free Full Self-Driving package.
The company delivered 484,507 vehicles in the last quarter of 2023, with the impact of the price increase and incentives on Q1 deliveries to be announced next month.