Tesla increases cost of Model 3’s Dual Motor version and some color options

Tesla increases cost of Model 3’s Dual Motor version and some color options

According to electric vehicle maker Tesla’s latest update to its Model 3 online design studio, the automaker has increased the cost of the Model 3 Dual Motor version and some other options.

As a result of the Tesla’s latest update, the cost of Model 3 Dual Motor version has been brought back to the original price of $5,000, which was set by the automaker earlier in 2018.

The move has come barely a month after Tesla’s decision to reduce the cost of the Dual Motor version to $4,000. The price-reduction move was evidently a consequence of the fact that many reservation-holders were unhappy with the $5,000 pricing of the Dual Motor version because Tesla CEO Elon Musk had previously said that the option on Model 3 will be priced lower than that on Model S, which is also $5,000.

After having reduced the cost of Model 3 Dual Motor version from $5,000 to $4,000 a few weeks back, Tesla has again increased the cost of the option to $5,000, via the latest Model 3 online design studio update. The increased cost means that the starting price of the Model 3 Dual Motor version will now be $54,000.

Besides increasing the cost of the Dual Motor version, Tesla has also increased the cost of the Pearl White Multi-Coat and Red Multi-Coat color options from $1,500 to $2,000.