Tesla hikes US prices of all car models
Friday, 17 June 2022
Tesla Inc raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues, reports Reuters.
The electric carmaker increased its Model Y long-range price to $65,990 from $62,990, its website showed on Thursday, after delaying the deliveries of some long-range models in the United States by up to a month.
The price hike comes as costs of raw materials have surged, including aluminium that is used in cars.
Tesla Chief Executive Officer Elon Musk has warned about the risk of a recession in recent weeks. Earlier this month, Musk said he had a "super bad feeling" about the economy and said Tesla needed to cut 10 per cent of jobs at the company.