Tesla just raised its EV prices. Here’s why.
livemint.com May 18, 2026

Tesla just raised its EV prices. Here’s why.

AI-summarised brief · reviewed before publication

Tesla has raised prices for some of its electric vehicles, with higher-end Model Y trims increasing by $500 to $1,000, and the Premium all-wheel drive version now costing about $50,000. The standard rear-wheel-drive and all-wheel-drive versions remain unchanged, starting at around $40,000 and $42,000. This price hike comes amid decreased US EV sales and increased competition, with Tesla's first-quarter automotive gross profit margin at 21%.