Tesla increases electric car prices
Chief executive Elon Musk cites supply chain inflation as the reason for the hike in prices.
“Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially,” he said on Twitter.
Musk, who is also the co-founder of the company, was responding to an unverified Twitter account called @Ryanth3nerd, which said, "I really don't like the direction Tesla is going raising prices of vehicles but removing features like lumbar for the Model Y”.
Moving lumbar was removed only in front passenger seat of 3/Y (obv not there in rear seats). Logs showed almost no usage. Not worth cost/mass for everyone when almost never used.— Elon Musk (@elonmusk) May 31, 2021
Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially.
The price of the Model 3 standard range rose to $39,990 from $39,490 in May, while the Model Y long-range, all-wheel-drive price increased to $51,990, from $51,490.