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The Independent UK
The Independent UK
National
Via AP news wire

Tesla hikes price of Model Y after US alters tax credit rule

Tesla Inc. United States Elon Musk Joe Biden Ford General Motors SUV Treasury Department
Copyright 2021 The Associated Press. All rights reserved.

Tesla has raised prices on its Model Y in the U.S., apparently due to rising demand and changes in U.S. government rules that make more versions of the small SUV eligible for tax credits.

The Austin, Texas, electric vehicle company bumped up the price of the Model Y Long Range version by about 2% to $54,990 and the Performance version by about 2.7% to $57,990, according to its website. The prices exclude shipping and an order fee.

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