15 Mar 2022 | Tesla Raises Prices Again Throughout Lineup

Episode 1405,   Mar 15, 2022, 05:00 PM

On the podcast today:
• Tesla raises prices for second time in days on rising costs
• Tesla prices rise again: At $48,190, base Model 3 now costs a third more vs. a year ago
• Inflation: Tesla's Average Transaction Price Tops All Brands In 2022
• VW Group CEO praises Tesla's Giga Texas during Austin visit
• Tesla's camera-based driver monitoring system triggers legal complaint in Illinois
• Volkswagen Aero B Teased And Confirmed For 2023 Launch
• New Audi A6 Avant e-tron concept previews future electric estate
• First Audi A6 E-Tron Spy Photos
• Mercedes will make electric EQS SUV in Alabama, with battery cells from Georgia
• Volvo Doubles Electric Range Estimates for 2022 Plug-in Models
• Volvo and Starbucks Create a (Small-Scale) EV Charging Network
• Northvolt Plans New Gigafactory In Germany

Show #1405

Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of information. It’s Tuesday 15th March, it’s Martyn Lee here and I go through every EV story so you don't have to.

TESLA RAISES PRICES FOR SECOND TIME IN DAYS ON RISING COSTS

- Tesla Inc (TSLA.O) raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics.

- The increases come as costs of raw materials are surging, exacerbated by supply chain disruptions following Russia's invasion of Ukraine.

- Tesla, which has a diversified supply chain, has bought "millions of euros worth of aluminum" from Russian aluminium giant Rusal, CNBC reported on Monday, citing internal documents. Rusal's billionaire founder Oleg Deripaska has been sanctioned by Britain.


TESLA PRICES RISE AGAIN: AT $48,190, BASE MODEL 3 NOW COSTS A THIRD MORE VS. A YEAR AGO

- The Tesla Model 3 was launched with the promise of a $35,000 base price, but now the base Model 3 Rear-Wheel Drive starts at $48,190. That's an increase of $2,000 from its most recent (higher) price, and nearly a third higher than this time last year, when you could get a Model 3 Standard Range Plus for $37,190.

- Tesla's other Model 3 variants saw price increases as well. The Model 3 Long Range now starts at $54,490 (up $2,500) and the Model 3 Performance starts at $61,990 (up $3,000).

- The base price of the entry-level Model Y Long Range increased $3,000 to $62,990. So the most affordable Model Y now costs about $23,000 more than it did around this time last year.

- March 2021 the now-discontinued Model Y Standard Range had cost just $41,190.

- The Model Y Performance then was just $62,190. Tesla then increased the base price to $64,990, and it now starts at $67,990.


TESLA INCREASES PRICES THROUGHOUT WHOLE LINEUP

- As for the flagship Model S and Model X, they were not spared in the wave of price increases.
The Model S now starts at $99,990 – an extra $5,000 over the previous price

- The performance version also received a $5,000 price increase.
Model X surprisingly escaped many previous waves of price increases from Tesla, but not this time.
The electric SUV is seeing a price increase of $10,000 to now start at $114,990:

- The Plaid version also saw a big price increase, and now it finally sells for more than the Model S Plaid – the fact that it didn’t before made no sense.


INFLATION: TESLA'S AVERAGE TRANSACTION PRICE TOPS ALL BRANDS IN 2022

- Tesla's average transaction price increased by 4.1 percent from January 2022 to February 2022. During the same timeframe, many automakers saw a drop, and the industry as a whole saw a decrease of 0.6 percent.

- That said, there are certainly other brands that also had a notable increase, such as Acura, Jeep, Mini, and Toyota. At any rate, Tesla's average transaction price rose from $63,263 in January to $65,837 in February.

- If we look at the bigger picture, from February 2021 to February 2022, Tesla's average transaction price soared by 14.8 percent. However, the industry average increase year over year is at 11.4 percent.


VW GROUP CEO PRAISES TESLA'S GIGA TEXAS DURING AUSTIN VISIT

- Volkswagen Group CEO Herbert Diess is an outspoken admirer of Tesla and its boss Elon Musk, praising the EV maker for its achievements and innovation on several occasions.

- While the German executive's "bromance" with the US billionaire entrepreneur has annoyed some members of VW Group's board, especially works council boss Daniela Cavallo, Diess has made it clear that Tesla cannot be ignored. In November 2021, he gave this reply to those who criticised him for comparing VW with Tesla, as per a Reuters report.  "Even if I no longer talk about Elon Musk: he'll still be there and revolutionises our industry and keeps getting more competitive quickly."

- the CEO praised Tesla's Giga Texas plant during his visit to Austin for the South by Southwest (SXSW) festival this past weekend, where the VW ID. Buzz has made its first public appearance.

- "Elon's new factory - he calls it 'the machine that produces the machine' is impressive: 1.2 km long, 400m wide: all under one roof, no logistics from cell production to the final assembly. Once up and running it will very likely set some new benchmarks."

- "I am so happy that we decided a new plant for Wolfsburg. Without that - no chance to compete."

- Set to open in 2026, Volkswagen's new state-of-the-art facility will have an annual capacity of 250,000 vehicles. The first model to be built there will be the Project Trinity electric saloon.


TESLA'S CAMERA-BASED DRIVER MONITORING SYSTEM TRIGGERS LEGAL COMPLAINT IN ILLINOIS

VOLKSWAGEN VOW VWAGY 2022 ANNUAL MEETING EV UPDATES


VOLKSWAGEN AERO B TEASED AND CONFIRMED FOR 2023 LAUNCH


NEW AUDI A6 AVANT E-TRON CONCEPT PREVIEWS FUTURE ELECTRIC ESTATE


AUDI A6 AVANT E-TRON CONCEPT IS AN ELEGANT ELECTRIC WAGON THAT LOOKS PRODUCTION-READY


FIRST AUDI A6 E-TRON SPY PHOTOS SHOW SLEEK FASTBACK WITH SPLIT HEADLIGHTS


MERCEDES WILL MAKE ELECTRIC EQS SUV IN ALABAMA, WITH BATTERY CELLS FROM GEORGIA


VOLVO DOUBLES ELECTRIC RANGE ESTIMATES FOR 2022 PLUG-IN MODELS


VOLVO AND STARBUCKS CREATE A (SMALL-SCALE) EV CHARGING NETWORK


NORTHVOLT PLANS NEW GIGAFACTORY IN GERMANY



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