Tesla has quietly raised the worth of its best-selling Mannequin Y crossover. As of Saturday, the lists the Lengthy Vary and Efficiency fashions at $54,990 and $57,990, respectively. For the previous, that represents a $2,000 improve from the all-time low it hit when Tesla in the course of January. As for the Efficiency variant, it’s at the moment $1,000 greater than it was after final month’s value adjustment.

As , the worth hikes come after the Biden administration this previous Friday associated to the $7,500 federal tax credit score to deal with extra automobiles as SUVs relatively than sedans. Earlier than the change, it was potential to get the complete $7,500 incentive on the five-seat Mannequin Y, however you needed to configure the car in a means in order that it fell below the $55,000 sedan threshold. Now, all Mannequin Y variants, together with the Efficiency mannequin, fall below the $80,000 SUV ceiling.

The automaker didn’t say if it elevated Mannequin Y pricing in response to Friday’s announcement. Following the January value reduce, Tesla CFO Zach Kirkhorn mentioned the transfer was partly an effort to make sure extra of the corporate’s vehicles fell below the $55,000 threshold. With the Mannequin Y now comfortably below the $80,000 restrict, Tesla has extra freedom to cost the car because it sees match.