Tesla Raises Model Y Prices in U.S. as EV Giant Tests Pricing Power Amid Slowing Demand

Tesla raised U.S. Model Y prices, with the Premium AWD and Premium RWD trims up $1,000 and the Performance AWD up $500.

The company did not give a reason for the increases.

The move suggests Tesla may have enough demand to test higher pricing while the EV market still faces soft sales and fierce competition.

It also points to Tesla’s effort to protect margins and improve profitability after a period of heavy discounting.