Automotive industry experts predicted price hikes for new vehicles would come soon after they saw the prices of aluminum, nickel and palladium blast off in recent weeks as Russia's February 24 invasion of Ukraine appeared more and more imminent.
The listed prices of several new Tesla models climbed Tuesday, according to the company website, compared to the prices from March 1. Tesla CEO Elon Musk hinted earlier at why prices are rising, saying in a
Sunday that the company is"seeing significant recent inflation pressure in raw materials and logistics."— Elon Musk Tesla's Model X now costs $114,900, a jump of more than $10,000. The Model S price has risen by $5,000, to $99,990; the Model 3 Performance price by $3,000, to $61,990; and the Model Y price by $4,000, to $62,990.
Across the company, the most recent Tesla price hikes are between 3% and 5% in the U.S. and China, Dan Levy, a Credit Suisse analyst, said in a research note. While it's unclear exactly when the price hikes took place, Reuters Tesla has raised its prices twice in just a few days. Tesla did not respond to a request for comment on its prices hikes Tuesday.
The costs of cars — both gas-powered and electric-powered — are soaring as inflation drives up the price of everything from food and rent to clothing and appliances.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla raises prices for all models, Model 3 starts at $46,990Tesla raises prices on the electric Model 3, Model Y, Model S and Model X models. It's the second time this month prices have gone up.
Read more »
Tesla raises prices across lineup; cheapest model is $46,990Tesla Inc. raised prices on all its vehicles after Chief Executive Officer Elon Musk said costs were increasing at the companies he runs.
Read more »
The richest rebuild? A Tesla restorer has created the first 6-wheel Model SRich Benoit, who is popular among Tesla fans due to his Model S and X restoration demonstrations, doesn't disappoint in his latest video.
Read more »
Tesla Raises EV Prices For Second Time In A Week, Cheapest Model Now Starts From $46,990 | CarscoopsTesla Raises EV Prices For Second Time In A Week, Cheapest Model Now Starts From $46,990 | Carscoops carscoops
Read more »
Tesla User Interface Reorganization: Love It/Hate ItOn December 25, 2022, Tesla owners got notification of a new software update and most of us downloaded it like we always do. The download caused the biggest reorganization of the user interface (UI) that
Read more »
Tesla Addresses Phantom Braking Concerns And More With Upcoming FSD Beta 10.11 Release | CarscoopsTesla Addresses Phantom Braking Concerns And More With Upcoming FSD Beta 10.11 Release | Carscoops carscoops
Read more »