Tesla has raised prices on most Model Y variants in the United States — the first price increase for the model in two years. The adjustment, confirmed this morning, affects the Premium RWD, AWD, and Performance trims, while the base Model Y RWD holds its current price.
The Premium RWD and AWD trims each climb by $1,000, landing at $45,990 and $49,990 respectively. The Performance variant sees a smaller $500 bump, now priced at $57,990. If you were sitting on the fence about ordering, the window for the old pricing has closed.
New Model Y Pricing at a Glance
| Trim | New Price | Change |
|---|---|---|
| Model Y RWD (base) | — | No change |
| Model Y Premium RWD | $45,990 | +$1,000 |
| Model Y AWD | $49,990 | +$1,000 |
| Model Y Performance | $57,990 | +$500 |
The timing is notable. Tesla has spent much of the past two years cutting prices to stimulate demand amid intensifying EV competition and softening consumer sentiment. A move in the opposite direction signals either improved demand confidence, tighter inventory, or a strategic margin recovery push — possibly all three. The fact that the base RWD trim was left untouched suggests Tesla is protecting its most price-sensitive entry point while extracting more from buyers already willing to spend on higher trims.
Anyone who has already placed an order should check their Tesla account to confirm whether their locked-in price is honored. For those still deciding, the new prices are effective immediately on Tesla's website.
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Sources & reporting notes
The links below identify the material source records used for this report.
- @SawyerMerritt on X (2026-05-16T12:52:20.000Z) — Direct source
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