Tesla to raise prices in US as inflation bites

Source: Reuters

“Tesla Inc again raised prices for all its car models in the United States in response to persistent global supply-chain problems and soaring raw material costs. 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 5% price hike comes as costs of raw materials of everything from aluminum to lithium used in cars and batteries surge, while automakers struggle to source chips and other supplies due to an industry-wide shortage.” (06/16/22)