Elon Musk Reveals Why Tesla Prices Have Been Creeping Up

Elon musk reveals why tesla prices have been creeping up

The prices of Tesla’s Model 3 and Model Y vehicles have recently increased. In May, the electric-car company raised prices for the fifth time in several months, but the company remained silent on what lay behind the increase. Until now, ie.

Tesla CEO Elon Musk said in a tweet on Monday, May 31, that the increase is due to “major supply chain pressures adding industry-wide,” “especially raw materials”.

In a call with investors in April, Musk said the lack of a chip was causing problems for the company – as it did for automakers globally – though he claimed at the time that Tesla was “mostly that particular Was out of the problem. “

Recent price increases have seen, for example, the Tesla Model 3 Standard Range Plus increase from $ 39,490 to $ 39,990 and the Model 3 Long Range AWD from $ 48,490 to $ 48,990. But keep in mind that these increases show only the most recent increase, for example, the recent increase has seen the Model 3 Standard Range Plus, Tesla’s best-priced car, increase by $ 3,000 in a span of just three months . . Tesla’s Model Y Long Range AWD has also recently seen an increase of $ 500, taking it to $ 51,990.

Musk’s tweet. Has come to the answer a post From a visibly disgruntled observer who said, “I really don’t like the direction Tesla is raising vehicle prices but removing features like the Kath for the Model Y.”

Adjustable lumbar support in the seats can help increase comfort, especially on longer trips. But in recent times, it was revealed that Tesla has removed the feature from passenger seat on Model 3 and Model Y.

Discussing the issue, Musk confirmed in the same tweet that the feature, which gently inflates or deflates the seat, was removed from the front passenger seat of the Model 3 and Model Y because it was rarely used used to go. “Logs showed almost no use. Not worth the cost / mass for everyone when almost never used,” Musk said.

The price hike will surely come as an annoyance for those who want to get a new Tesla vehicle, especially for those who are carefully budgeting for the purchase of the price. And who says there will be no more in the coming months? Whether the company plans to drop prices once supply chain issues are completely eliminated remains to be seen.

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