Tesla Clears a Big Obstacle for the Model 3 and Model Y

Tesla’s (TSLA) – Get Tesla Inc Report bad week is ending on a positive note.

Earlier this week, Tesla announced price increases across its entire range of vehicles. It was the electric vehicle maker’s second price increase this month after it increased the cost of some of its long-range models last week.

Inflation is driving up the price of its entire fleet, but the price of the Model 3 may be the most concerning for Tesla as that base model is supposed to be the affordable one.

The Model 3 Rear-Wheel Drive saw its price increase to $ 46,990 from $ 44,990 while the Long Range version of the vehicle saw its price increase to $ 54,490 from $ 51,990.

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