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Tesla to Bump Up Model Y Prices in Selected European Markets

Texas-based electric vehicle giant Tesla has announced that it will increase Model Y prices in select European markets by around $2,177 beginning on March 22, 2024. The announcement comes just days after Tesla said on social media platform X that it would raise prices for the Model Y electric car in the United States by $1,000 from next month. On March 1, 2024, the pioneering EV maker increased prices for the long-range and rear-wheel drive variants of the Model Y by $1,000 to $48,990 and $43,990 respectively.

Although Tesla has been the top-selling battery electric vehicle (BEV) company on the globe for most of the past decade, it has been facing…

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