Tesla Model 3 and Model Y prices increase for the second time in October

It’s increasingly more difficult from a financial point of view to get behind the wheel of a new Tesla as the Palo Alto manufacturer keeps increasing prices with a worryingly high frequency. It was only a couple of weeks ago when the Model 3 and Model Y were both subjected to price bumps and now the company has updated its online configurator to reflect yet another overnight price hike.

The cheapest Tesla money can buy, the Model 3 in the Standard Range Plus specification, no longer costs from $41,990 as the asking price has gone up by a substantial $2,000 to $43,990. Thankfully, pricing for the Long Range AWD has remained intact, at $49,990, and it’s the same story with the sporty Performance version as it soldiers on at $57,990.

As far as the Model Y is concerned, the electric SUV in the Long Range Dual Motor specification has been hit with a $2,000 price increase, which means that it now kicks off from $56,990. Those interested in getting the hotter Performance trim level will be happy to hear Tesla has not modified its starting price, which remains at $61,990.

Aside from these rather sizeable price bumps, there’s more bad news to share. The waiting times are being extended yet again. As it stands, the Model 3 Standard Range Plus has an estimated delivery of September 2022 with the standard 18-inch wheels or June 2022 if you’re willing to upgrade to the larger 19-inch wheels.

The Model 3 Long Range has an estimated delivery in December regardless of wheel size, while the Performance – which comes exclusively with a 20-inch set – is listed on Tesla’s site with November delivery.

It’s the same story with the electric SUV as the delivery time depends on the wheel size. For example, the Long Range with the standard 19-inch set has an August 2022 estimated delivery whereas going for the 20-inch rims reduces the waiting time to May. Riding on 21-inch alloys, the Model Y Performance will be delivered in December.

Interestingly, Tesla’s configurator is selecting the larger wheels by default in a move to convince people into buying the more expensive alloys and reduce the delivery time.

Source: Tesla