Tesla Hikes the Electric Cars Prices

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Tesla Hikes the Electric Cars Prices
17 Jun 2022
min read

News Synopsis

Elon Musk-owned Tesla has increased the prices of its electric cars once again. The prices of several EV models of Tesla have been increased by up to $6,000. In this regard, Tesla says that the increase in the prices has been due to raw material price hikes and supply disruptions. Elon Musk had warned of a recession in the market just a few days ago.

Tesla has increased the price of the Y-Long Range Model by $3,000 hiking the price of this model from $62,990 to $65,990. Tesla has increased the prices of its electric cars at a time when the deliveries of some of its long-range models are getting delayed by up to a month.

Tesla's Model S has also become expensive by $ 5,000. The price of the Model S Dual Motor All-Wheel Drive Long Range has now increased from $99,990 to $104,990. According to the auto-tech website Electrek Auto-Tech, Tesla increased prices almost every month in 2021. The pace of increase in the prices of its electric vehicles slowed down in early 2022. Now once again Tesla has increased its prices.

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