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Tesla raises price of Model Y, Model 3 variants

Tesla Inc has increased the price of its Model 3 Long Range and Standard Range Plus and Model Y Long Range by US$500, the electric-car maker’s website showed on Friday.

FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London
FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo

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REUTERS: Tesla Inc has increased the price of its Model 3 Long Range and Standard Range Plus and Model Y Long Range by US$500, the electric-car maker’s website showed on Friday.

The price of its cheapest Model 3 Standard Range Plus has been increased to US$39,990, while the Model 3 Long Range AWD was raised to US$48,990.

Its Model Y Long Range AWD is now priced at US$51,990 compared with US$51,490 previously, according to the website.

Tesla delivered 182,780 Model 3/Ys in the first quarter, up 13per cent from the preceding quarter. A ramp up in production and solid demand for its less expensive models had helped offset the impact of a global shortage of parts.

(Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel)

Source: Reuters