Tesla raises Mannequin Y pricing following federal tax credit score change

Tesla has quietly raised the value of its best-selling Mannequin Y crossover. As of Saturday, the lists the Lengthy Vary and Efficiency fashions at $54,990 and $57,990, respectively. For the previous, that represents a $2,000 enhance from the all-time low it hit when Tesla in the midst of January. As for the Efficiency variant, it’s at the moment $1,000 greater than it was after final month’s worth adjustment.

As , the value hikes come after the Biden administration this previous Friday associated to the $7,500 federal tax credit score to deal with extra autos as SUVs relatively than sedans. Earlier than the change, it was attainable to get the total $7,500 incentive on the five-seat Mannequin Y, however you needed to configure the automobile in a means in order that it fell below the $55,000 sedan threshold. Now, all Mannequin Y variants, together with the Efficiency mannequin, fall below the $80,000 SUV ceiling.

The automaker didn’t say if it elevated Mannequin Y pricing in response to Friday’s announcement. Following the January worth reduce, Tesla CFO Zach Kirkhorn mentioned the transfer was partly an effort to make sure extra of the corporate’s automobiles fell below the $55,000 threshold. With the Mannequin Y now comfortably below the $80,000 restrict, Tesla has extra freedom to cost the automobile because it sees match.

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