Tesla to raise Model Y prices in Europe and US

The official Tesla account on X announced that the company is planning to raise the prices for the Model Y in a number of European countries. The news come a day after the automaker announced a bump in pricing for the Model Y in the US as well.

If you are in the market for a Model Y, maybe now is the right time to snatch one before prices go up. From March 22, Model Y in Europe will cost €2,000 more, while US prices will go up by $1,000 starting April 1.

The X post doesn't say if the price hike applies only to certain configurations, so we have to assume it's going to be appluy across th ebaord.

Elon Musk replied to one of the comments under the X post, clarifying that the price hike is necessary as vehicle production needs to be continuous in order to be effective, while consumer demand is seasonal.

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