Tesla Inc raises prices across car models

 Tesla Inc raises prices across car models

Tesla Inc raises prices across car models

Tesla Inc raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues.

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.

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The price hike comes as costs of raw materials have surged, including aluminum that is used in cars.

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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 after cutting about 10% of jobs at Tesla .

Tesla prices

Also Read: High car prices: Likely to reduce sales volume next year

The car sales volume increased by around 50 percent in the first nine months of the financial year 2022. But industry experts see auto volumes coming down in the next fiscal amid increasing car prices and hike in interest rates.

“Auto sales for March 2022 are expect to clock in at 25,800 units. Which is a growth of 29 percent on both year-on-year and month-on-month basis. (read more)

Web Desk

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