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Tesla Is Hiking Prices For The Model Y In Germany After An Earlier Price Cut: Here’s How Much You Will Pay Now

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Tesla Inc TSLA has increased prices on the Model Y SUV by as much as 2,500 euros (~$2,692) in Germany, after dropping them first in January.

What Happened: As per Tesla’s Germany website, the company has raised prices on the base rear-wheel drive version of the electric SUV by 2,000 euros (~$2,153) and the higher-end two versions by 2,500 euros (~$2,691).

The rear-wheel-drive variant of the SUV is now listed at 44,990 euros (~$48,438) on the company’s website, while the Long Range version is priced at 52,490 euros (~$56,512) and the Performance version at 58,490 euros (~$62,972).

Why It Matters: The new price hike for the Model Y follows a price cut in January. The rear-wheel drive Model Y then saw a price cut of 1,900 euros, while the Long and Performance versions witnessed a cut of 5,000 euros.

Tesla has altered Model Y prices in China, Germany, Canada, and the U.S. since the start of the year. However, Germany is the first geography to see a price hike in addition to a price cut.

The Model Y was the best-selling vehicle across the world last year with over 1.2 million units delivered, making it the first EV to donn that crown.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next: Elon Musk Shuts Down Snoop Dogg’s Request For Free Tesla: ‘Everyone Pays Full Price … Including Me’

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