Tesla raises prices across its entire EV lineup

Tesla has raised the prices of its electric vehicles for the second time within the month. After adding $1,000 to some long-range models last week, the automaker has now implemented a much larger price increase across its lineup. As Electrek reports, its prices now start at $46,990 for the base Model 3, $2,000 higher than before. The Model 3 Dual Motor All-Wheel Drive is now $2,500 more expensive at $54,490, and the Performance version now costs $3,000 more at $61,990.

Tesla

Meanwhile, Model Y’s prices now start at $62,990, or $2,000 higher than before, for the Long Range version. Tesla has increased the Performance version’s pricing by $3,000, as well, which means it’ll now set you back $67,990. For both Model S options, Tesla has added $5,000 on top of their previous prices, so you’ll have to spend at least $99,990 for one. None of the other EVs got a price increase as big as the Model X, though, which now costs $10,000 more at $114,990.

One of the materials affected by the Russian invasion of Ukraine is nickel, with its prices soaring and more than doubling since the war started. Russia is a key supplier of the metal, which is a critical component of lithium-ion batteries used by Tesla and other EV manufacturers. In addition, Electrek says Tesla is experiencing a massive surge in new orders due to heightened interest in electric vehicles caused by the rise in gas prices.

Editor’s note: This article originally appeared on Engadget.