The options on the vehicle, however, will be limited for it to still qualify. The small price increase still allows the Model Y to qualify for the $7,500 tax credit. This may have been a mistake by Tesla, as inventory just about sold out within a couple of weeks. However, Tesla lowered the Model Y a few thousand dollars less than it needed to. When Tesla lowered the price of the Model 3 and Model Y - both vehicles qualified for the U.S. When I saw that the Model Y inventory was going down fast, I knew that Tesla would have to raise prices to compensate. It's great that he is doing this because you can see pretty regularly if the inventory is going up or down. Implies sustained levels of demand since price decrease. $500 price increase on MY in the US probably done to reach some sort of equilibrium vs inventory levels. If you've been following Farzad Mesbahi on Twitter and YouTube, you will see that he is consistently sharing the inventory levels for the Model 3 and Model Y vehicles for Tesla. The Astonishing Economics of the Tesla Megapack. Family of four survives 250 foot fall in Tesla.It's inventory of the Model Y got reduced by 80% and therefore, this is a favorable price cut. Tesla raised the price of the Model Y by $500. Tesla is simply following basic economics. Whenever you have a product that is in less demand than you have supply, you must lower prices. Whenever you have a product that is in more demand than you have supply, you must raise prices. This is a supply and demand issue, and Tesla is raising the price of the Model Y to compensate. This means that Tesla will eventually not have enough Model Y vehicles in inventory to sell to customers. However, there is one problem that happened when Tesla lowered prices on the Model Y - Tesla started to sell many more of them and their inventory levels started to drop. Recently, Tesla drastically lowered prices, making the popular electric SUV affordable to more people. Tesla just raised prices on the Model Y, and we view this as a good thing.
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