United States: Tesla increases the price of its cars due to inflation – 06/16/2022 at 16:47


UNITED STATES: TESLA INCREASES THE PRICE OF ITS CARS DUE TO INFLATION

(Reuters) – Tesla Inc has again raised prices for its U.S. models amid ongoing global supply chain issues and soaring raw material costs.

The electric carmaker raised the price of its long-range Model Y by $3,000 (2,869.17 euros) to $65,990 on Thursday after delaying deliveries of some long-range models to the United States by a month. United.

The 5% price hike comes as raw material costs soar and automakers struggle to source chips and other supplies due to an industry-wide shortage.

“While some fear that price increases will destroy demand, for now, Tesla remains under a supply constraint,” notes Credit Suisse.

Rival Rivian Automotive Inc has also raised prices by more than $10,000 for new orders of its base model.

(report Nivedita Balu and Maria Ponnezhath in Bangalore; French version Sophie Louet)

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