Tesla raises price of Model Y, Model 3 variants

FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo

(Reuters) - Tesla Inc has increased the price of its Model 3 Long Range and Standard Range Plus and Model Y Long Range by $500, the electric-car maker’s website showed on Friday.

The price of its cheapest Model 3 Standard Range Plus has been increased to $39,990, while the Model 3 Long Range AWD was raised to $48,990.