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Tesla's Prices Increase Yet Again
Following price hikes in 2021 and modest increases in early 2022, Tesla's cars have significantly jumped up in price again, according to Electrek, which tracks the price increases on Tesla's website.
Here's a breakdown of the price hikes:
- Tesla Model 3: $2,500 increase, from $54,490 to $57,990.
- Tesla Model Y Performance: $2,000 increase, from $67,990 to $69,990.
- Tesla Model Y Long Range: $3,000 increase, from $62,990 to $65,990
- Tesla Model S Long Range : $5,000 increase, from $99,990 to $104,990
- Tesla Model X Long Range: $6,000 increase, from $114,990 to $120,990
Tesla didn't disclose why the prices on these vehicles are climbing. However, it's possible that the rising cost of aluminum, which Tesla uses to make its cars, and ongoing supply chain issues, one driver of today's inflation, are pushing up Tesla's costs.
The company didn't immediately respond to a request for comment.
Elon Musk, the electric car maker's CEO, has been vocal about the risk of a recession, saying he has a "super bad feeling" about the economy, according to Reuters.
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