Tesla Raises Prices on Select Model Y Variants in the U.S. Market
Tesla increases prices of certain Model Y vehicles by $1,000 in the U.S., citing manufacturing challenges and seasonal demand fluctuations. While rear-wheel drive and long-range models see price hikes, the Performance variant remains unchanged. This move follows temporary price cuts in February and anticipates heightened competition from affordable EVs like those from China’s BYD. Despite Tesla’s efforts to bolster margins, challenges persist amid lower sales growth projections and increased market competition. (Fox News)