Tesla’s Model 3, introduced as a mass-market electric car that could bring in a wide spectrum of buyers, is getting more and more out of reach for everyday consumers.

After a recent price hike, Tesla’s cheapest model now starts at $46,990, or $48,490 when you include a $1,500 destination fee. About a year ago, the Model 3 carried a starting price of $36,990, archived versions of the product page on Tesla’s website as it looked in February 2021 show. Initially, Tesla said the Model 3 would start at $35,000, but that price point was never widely available.

Since Tesla sells vehicles direct-to-consumer without a dealer network, it’s free to raise and lower retail prices as it pleases. Over the last year, the company has bumped the prices for certain models several times, generally in increments of $1,000 or $2,000.

On Monday, Tesla drastically overhauled the pricing for its entire lineup, raising prices by up to $12,500. The base Model 3 got a $2,000 bump from its previous price of $44,990, while other models saw bigger increases. The price of the Model X Plaid, Tesla’s high-performance SUV, shot from $126,490 to $138,990.

Tesla’s Model 3, introduced as a mass-market electric car that could bring in a wide spectrum of buyers, is getting more and more out of reach for everyday consumers.

After a recent price hike, Tesla’s cheapest model now starts at $46,990, or $48,490 when you include a $1,500 destination fee. About a year ago, the Model 3 carried a starting price of $36,990, archived versions of the product page on Tesla’s website as it looked in February 2021 show. Initially, Tesla said the Model 3 would start at $35,000, but that price point was never widely available.

Since Tesla sells vehicles direct-to-consumer without a dealer network, it’s free to raise and lower retail prices as it pleases. Over the last year, the company has bumped the prices for certain models several times, generally in increments of $1,000 or $2,000.

On Monday, Tesla drastically overhauled the pricing for its entire lineup, raising prices by up to $12,500. The base Model 3 got a $2,000 bump from its previous price of $44,990, while other models saw bigger increases. The price of the Model X Plaid, Tesla’s high-performance SUV, shot from $126,490 to $138,990.