Tesla is increasing the price for its Model Y electric SUV in a number of European countries on March 22 by about €2,000 ($2,177) or the equivalent in local currencies.
Tesla announced the increase in a post on the social media platform X on Saturday. It follows the automaker's announcement on Friday that it would increase prices for all Model Y cars in the U.S. by $1,000 on April 1.
Tesla had raised the prices of its Model Y rear-wheel drive and long-range vehicles by $1,000 to $43,990 and $48,990, respectively, on March 1.
"This is the essential quandary of manufacturing: factories need continuous production for efficiency, but consumer demand is seasonal," Tesla CEO Elon Musk said in February, replying to a post on X from his company announcing that prices would go up the following month.
