Tesla's First US Price Hike Of 2024: Model Y 7-Seat Option Surges By $500
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has raised the price of the Model Y Long Range's 7-seat option by $500, now costing $3000. This 20% increase is the first price change for any Tesla vehicle in the U.S. in 2024. In contrast, Tesla has recently reduced prices in China for the Model 3 and some Model Y versions.

January 12, 2024 | 10:50 am
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Tesla Inc has increased the price of the Model Y Long Range's 7-seat option by $500 in the U.S., marking the first price change for the company in the country this year.
The price increase for the Model Y 7-seat option is relatively minor and specific to one configuration, which may not significantly impact overall sales or revenue. However, it indicates a potential shift in Tesla's pricing strategy in the U.S. market. The impact on the stock price is likely to be neutral in the short term, as the market may have already anticipated such adjustments, and the change is not drastic enough to alter demand substantially.
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