Musk told why Tesla cars have risen in price

Their cost has increased due to the increase in prices in the supply chain, the entrepreneur explained.

The cost of some Tesla electric car models has increased due to increased prices in the supply chain throughout the automotive industry, especially for raw materials. This was announced on Tuesday by the head of the automobile company Elon Musk on Twitter.

He wrote about this in response to one of the users of the social network, who was outraged by the price increase while reducing the additional options available in the car.

“The adjustable lumbar support was removed from the configuration only on the front passenger seat in the Tesla Model 3 and Tesla Model Y models (it is not on the rear passenger seats),” the head of Tesla wrote. The emphasis is not worth it if it is practically not used. The cost of cars is rising due to significant price pressures in supply chains across the industry, particularly raw material prices.”

As the Reuters news agency points out, in May, the American automaker raised the prices of its cars for the fifth time in a few months. According to him, the last time the cost of individual Model 3 and Model Y trim levels in the United States increased by $500. In April, Elon Musk said that his company faced “one of the most serious challenges in the supply chain,” implying a shortage in the semiconductor market, but clarified that it “practically coped with this problem.” On May 27, the Financial Times reported that Tesla is considering buying a factory for the production of chips and is ready to pay upfront for their delivery. The company has already negotiated with manufacturers from the United States, the Republic of Korea, and Taiwan for supplies.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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