The price of its cheapest Model 3 Standard Range Plus has been increased to $39,990, while the Model 3 Long Range AWD was raised to $48,990.

Its Model Y Long Range AWD is now priced at $51,990 compared with $51,490 previously, according to the website.

Tesla delivered 182,780 Model 3/Ys in the first quarter, up 13% from the preceding quarter. A ramp up in production and solid demand for its less expensive models had helped offset the impact of a global shortage of parts.

(Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel)