Tesla Hikes Prices Across Its EV Lineup
Reportedly due to supply shortages.
Tesla has raised the prices of its electric vehicles, marking the second hike within the month. Last week, the automaker tacked on an additional $1,000 USD to a few of its long-range models.
In an overnight update, Tesla once again raised its prices. The cheapest car to come out of the automaker, the Model 3, went up $2,000 USD and now starts at $47,000 USD.
Other increases include the Model 3 Dual-Motor All-Wheel Drive, now $2,500 USD more expensive at $54,490 USD, and the Performance version, which will cost drivers an additional $3,000 USD at $61,990 USD.
The prices of Tesla vehicles have been gradually increasing throughout 2021, so this latest move isn’t entirely surprising. Elon Musk recently hinted at a potential hike on Twitter, writing that Tesla and SpaceX are seeing a “significant recent inflation pressure in raw materials [and] logistics.” While he didn’t expand further, Musk linked an article about commodity prices soaring to an all-time high due to shortage fears in Russia.
Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics
— Elona Musk (@elonmusk) March 14, 2022
This coincides with Tesla experiencing a surge of new orders due to the rise in gas prices, according to Elektrek. The automaker reportedly saw a 100% increase in its order rate this past week.
In other automotive news, Indian celebrated its American Flat Track victory with a special-edition FTR.
