Tesla will increase the price of the Model Y

Isbel Lazaro, March 19, 2024. Tesla has announced that as of next Friday, March 22, the price of its popular Model Y will experience an increase of approximately 2,000 euros in various European markets.
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Tesla aumentará el precio del Modelo Y

Tesla has announced that starting next Friday, March 22, the price of its Model Y will experience an increase in several European markets.

Through a post on the social network X, Tesla did not specifically detail which European countries will see this price adjustment on its electric vehicle . This announcement follows a recent increase of $1,000 (equivalent to 1,089 euros) in the price of the same model in the United States.

What will be the price of the Tesla Model Y?

This increase will be approximately 2,000 euros. It is important to note that the company has encouraged potential buyers to visit its website to purchase the vehicle at its current price, which in the Spanish market starts at 42,760 euros.

As for the commercial performance of Model Y, this vehicle closed the year 2023 as the best-selling electric car in SpainThe total number of vehicles delivered was 6,833 units, which represents an increase of 266.2% compared to the previous year, according to data provided by the Spanish Association of Automobile and Truck Manufacturers (Anfac). In addition, Model Y is positioned as the second best-selling vehicle in the first two months of the year, second only to another Tesla model, the Model 3.

In January, Tesla had announced a reduction in the price of the access version of the Model Y, which features rear-wheel drive and a WLTP range of over 455 km, bringing it below €43,000. This price could fall even further, to 35,760 euros, by applying the subsidies of the Moves III Plan for the scrapping of old vehicles.

Tesla’s strategy of adjusting the prices of its models in Europe reflects the dynamics of today’s automotive market, where manufacturers must balance between maintaining competitiveness and ensuring financial sustainability. This increase in the price of the Model Y could influence consumers’ purchasing decisions, especially in a context where demand for electric vehicles continues to rise.

As Tesla and other EV manufacturers navigate these challenges, the future of sustainable transportation becomes increasingly central to global mobility discussions.

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Source: elperiodicodelaenergia.com

Photos: shutterstock

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