Electric vehicle maker Tesla has boosted the cost of its Model Y vehicles across the United States as of Saturday, marking the first price adjustment for these models in two years.
The automaker bumped up pricing for its Model Y premium all-wheel drive and Model Y premium rear-wheel drive variants by $1,000 each, bringing their costs to $49,990 and $45,990 respectively, according to the company’s website.
Tesla also adjusted the price tag on its Model Y Performance all-wheel drive model upward by $500, now listing it at $57,990 on its website.
This marks the first time the electric vehicle manufacturer has adjusted Model Y pricing since 2022, when the company implemented a $1,000 price hike across all Model Y variants two years ago.
Last August, Tesla also implemented a significant price adjustment on its premium Cybertruck pickup truck model, raising that vehicle’s cost by $15,000 amid weaker sales performance and product recalls.
The automaker has not offered any explanation for the recent price adjustments on its Model Y lineup.
