Overview
- Tesla quietly raised U.S. prices on three Model Y trims by $500 to $1,000.
- The Premium AWD now lists at $49,990, the Premium RWD at $45,990, and the Performance AWD at $57,990.
- This is the first U.S. Model Y price hike in two years and the company declined to explain the change.
- Tesla shares fell as investors weighed a bid to bolster profit margins against the risk of softer sales.
- U.S. EV sales fell 27% in Q1, yet the Model Y led with 78,591 deliveries and about 36% share as Tesla’s auto gross margin improved to about 21%, while rivals like Hyundai and Ford leaned on discounts that could lure price-focused buyers.