Tesla Model 3 Long Range Gets Third Price Increase In February

The Tesla Model 3 Long Range AWD just got its third price increase this month.

The first increase of $1,000 was applied a few weeks after launching the refreshed “Highland” model, followed by a $500 increase a week ago. Now, the Long Range AWD version is $250 more expensive, which brings the total to $1,750 (up 3.8%).

The price of the entry-level Tesla Model 3 RWD remains the same at $38,990. It’s worth noting that this version has an estimated delivery time (for new orders) of February-March. At the same time, customers have to wait until April-May for the new Model 3 Long Range AWD.

The new Tesla Model 3 prices:

• RWD: $38,990 (no change)
• Long Range AWD: $47,740 (up $250 or 0.5% from $47,490)

It suggests that the supply of new cars is not sufficient to meet the demand for the Long Range AWD version.

Tesla-focused analytic Troy Teslike (@TroyTeslike / X) wrote that the micro price adjustments might be a way to discourage people from ordering a Model 3. Potentially, it can’t be produced in high enough numbers. By the way, the optional white interior for the Model 3 is delayed and its price increased to $1,500.

At the same time, it seems that Tesla Model Y production is in full swing. The company’s website now shows “Shop Available” Model Y cars (already produced cars), while the “Order Now” button (for ordering a custom Model Y) is at the bottom of the website.

The Model Y recently received a $1,000 price cut. Its estimated delivery time (new orders) is February-March, indicating that supply exceeds demand.

It will be very interesting to see how this situation will develop in 2024, but it seems that the beginning of the year is challenging.

* Tesla adds a Destination fee (DST) of $1,390 and an Order Fee of $250 to all its models ($1,640 total).

* EPA range according to the manufacturer