Tesla slightly increased the price of its Model Y electric vehicle in the United States on Tuesday (Jun 13), according to its website.
The company increased the price of the variant by a mere US$250, bringing it to US$47,740, the website showed, while the prices for the other variants remained unchanged in the US.
This is the third price hike for the Model Y since Apr 19, when Tesla last cut prices for some of its cars in the country.
In May, the company had increased the price of its Model S, X, and Y vehicles by low single-digit percentages.
Tesla has been slashing prices globally since January seeking to drive volumes. CEO Elon Musk had said that the company was willing to sacrifice margins for sales volume but was also looking to raise back prices, where it can.
But even after Tuesday's price hike, the price of the Model Y remains 4.5 per cent below the price before it was slashed earlier in April.