Electrical automobile maker Tesla is climbing the costs of its autos within the U.S. amid rising uncooked supplies and logistics prices.
The value of the startup's Mannequin Y long-range automobile is listed for $65,990 on Tesla's web site, up from $62,990, Reuters first reported. Tesla additionally raised the worth of its Mannequin 3, Mannequin X and Mannequin S autos.
The Mannequin 3 Lengthy Vary acquired a $2,500 worth enhance, going from $54,490 to $57,990, in keeping with Electrek, an internet site that tracks electrical vehicles. Tesla upped the worth of its Mannequin S Twin Motor All-Wheel Drive Lengthy Vary automobile by $5,000 to $104,990. The Mannequin X now prices $120,990.
Tesla didn't instantly reply to a request for remark.
The corporate didn't say what's behind the worth hikes, however inflation is hovering and the price of uncooked supplies used to make vehicles, together with aluminum, has added to automakers' prices. Earlier this month, Tesla CEO Elon Musk mentioned he wished to chop 10% of his workforce, citing a "tremendous unhealthy feeling" concerning the U.S. financial system.
Customers are struggling to get their palms on each new and used vehicles at any worth as rising demand has outstripped provides, which have been affected as a scarcity of semiconductors and different key automobile parts hampers auto manufacturing.
Costs for brand spanking new vehicles jumped 12.6% in Might, in keeping with the federal government inflation information. In the meantime, the price of used vehicles and vans jumped even greater, surging 16.1% final month. The typical buy worth for a brand new automobile final month was $721 above the common checklist worth of $45,914, in keeping with Edmunds. By comparability, in December 2019 simply earlier than the pandemic the common low cost on a brand new automobile was $3,027.