Electric vehicle giant Tesla has raised prices in the U.S. - for the third time in the last month.
Model 3 Standard Range price has been hiked by $500 ($37,990 to $38,490); Model 3 Long Range non-performance price increased $500 ($46,990 to $47,490), while Model 3 Performance price raised by $1,000 ($55,990 to $56,990).
Model Y Long Range non-performance price increased $500 ($49,990 to $50,490).
Prices on the Model 3 have increased by $500 - $2,000 and Model Y by $500 - $1,000 since the start of the year.
The company's price increases over the last month potentially reflects strong demand. It delivered almost 5,000 more vehicles than they produced in the first quarter.
Tesla's vehicle inventory is at a nine days of supply, compared to the typical 60 to 80 days of supply that automakers’ inventories sit around.