Tesla has increased the costs of all its car models in the U.S
Tesla, an electric vehicle manufacturer, has raised the prices of all of its automobile models in the United States. It is the company’s most recent price increase, which comes at a time when the market is experiencing supply chain disruptions. The price increase varies between $2,500 and $6,000. The price of the Model 3 Long Range has reportedly increased by $2,500, while the price of the Dual Motor AWD Model X has reportedly climbed by $6,000. The car models Dual Motor AWD Model Y, Permanent Model, and Dual Motor AWD Model S, on the other hand, received a $3000, $2000, and $5000 price increase, respectively.
The pricing of a few of the company’s most expensive car models was unaffected by this move. However, Tesla is raising the costs of the Model S and Model X for the second time in 2022, as both car models were also raised earlier this year. On June 16, the EV maker’s website displayed improved costs for their car model. According to reports, the corporation was also observed delivering some of its cars in the country over a month late.
The company has recently expressed concern regarding supply chain issues. This increase in car pricing is thought to have occurred as a result of a significant increase in the costs of raw materials utilized by the corporation and the pay requested by the workforce. The company’s stock dropped 3.8 percent in pre-market trade after the company upped the prices of its cars.
Elon Musk, the CEO of Tesla, has previously expressed his fears about the economic slump. Musk declared at the beginning of this month that he will lay off 10% of Tesla’s total personnel due to his dissatisfaction with the economy. Tesla has already begun the process of eliminating personnel.
Tesla recently discussed the problems the business had in producing automobiles around the world as a result of China’s three-week-long rigorous lockdown. The company’s Shanghai factory, which produced half of the company’s total vehicles last year, was located in the lockdown-affected area. Musk posted a blog post in April stating that Tesla had a particularly challenging quarter.