Tesla increased the price of its Model Y by $2,000 following the US Treasury's reclassification of the EV as an SUV. A mere three weeks after a ~$13K price cut, the vehicle is priced at $54,990, just under the $55K price cap for regular-sized EVs.
All part of the plan? Elon Musk says the company will host an Investor Day Summit on March 1 to reveal its "Master Plan Part 3." The event differs from Tesla’s annual shareholder event and will allow investors to either visit the Giga Texas plant in person or watch the live stream from home like the rest of us normies.