Tesla Inc TSLA on Thursday bumped up the price for its Model Y crossover in the latest round of price hikes, the electric vehicle maker’s website showed.
What Happened: The Austin, Texas-based company has raised prices for both the Model Y Long Range and Performance variant in the range of $2,000 to $3,000.
Model Y Long Range is now priced at $65,990, a jump of $2,000 while the Performance variant is now $3,000 more expensive at $69,990.
The expected delivery timeline for the Model Y Long Range is between January to April next year and between August and October this year for the Performance variant.
Tesla in March made back-to-back price hikes after CEO Elon Musk warned the company was facing significant inflationary pressure on raw materials and logistics.
See Also: Tesla Hikes Prices In Both US, China For The Second Time Within A Week: All You Need To Know
All-round Price Hikes: Tesla bumped up the prices for its most affordable electric sedan Model 3 Long Range by $2,500 to $54,490.
The delivery for the Model 3 is expected in August, and for the Long Range, between September to December.
The EV maker’s Model S Dual Motor All-Wheel Drive Long Range price is now $5,000 more at $104,990. This is the second such steep hike for the model in recent months.
Further, the Model X's price has been bumped up by $6,000.
Price Action: Tesla shares closed 5.4% higher at $699 on Wednesday, according to data from Benzinga Pro.
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