Tesla has announced a price hike for its car models in the United States. This isn’t the first time Tesla has been raising the prices of its electric cars in recent days. The timing of the price hike is significant as it comes amid ongoing supply chain constraints caused by the Ukraine-Russia war and the ongoing chip crisis.
According to its official website, Tesla has increased the long-term price of its Model Y from $62,990 to $65,990. This follows a one-month delay in delivery of some long-range models in the United States.
Tesla CEO Elon Musk recently raised prices after warning about the risk of a recession. He also said the disruption in the supply chain has had a significant impact on Tesla’s production and sales.
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The price increase is due to rising cost of raw materials including aluminum, which is used in automobiles. In addition, prices of other components such as microchips and raw materials have seen an increase.
Meanwhile, earlier Tesla CEO had also announced that he wants 10 per cent jobs in the electric car maker. This information came two days after the company called the employees back to the office.