Tesla hikes car prices in the US, all models become pricier

  • Tesla Model Y long-range price has increased to $65,990 from $62,990.
Tesla cars have become pricier owing to the rising cost of raw materials.
Tesla cars have become pricier owing to the rising cost of raw materials.

Tesla has increased the pricing of all its car models in the United States. The automaker's move to increase the price of all its electric vehicles comes amid the ongoing supply chain crisis. This is not the first time Tesla has increased the price of its cars in recent times. A few months back as well, the automaker announced a price hike for its vehicles. With this latest price hike of Tesla cars, all the EVs from the US automaker will become pricier.

Also Read : Vehicles queue up at petrol pumps in Kashmir amid fuel shortage rumors

The electric carmaker has increased its Model Y long-range price to $65,990 from $62,990, as its official website has shown on Thursday. This comes after delaying the deliveries of some long-range models in the United States by up to a month.

Also check these Cars

Find more Cars
Tesla Model 3 (HT Auto photo)
UPCOMING
BatteryCapacity Icon82kWh Range Icon 555 km
₹ 70 - 90 Lakhs
View Details
Tesla Model S (HT Auto photo)
UPCOMING
BatteryCapacity Icon75 kWh Range Icon396 km
₹70 Lakhs - 1 Cr
View Details
Lexus Es (HT Auto photo)
Engine Icon2487.0 cc FuelType IconMultiple
₹ 56.55 - 62.19 Lakhs
Compare
View Offers
Bmw I4 (HT Auto photo)
BatteryCapacity Icon83.9 kWh Range Icon493 Km
₹ 69.90 Lakh
Compare
Volkswagen Id.7 (HT Auto photo)
UPCOMING
BatteryCapacity Icon77 kWh Range Icon621 Km
₹ 70 Lakhs
View Details
Hyundai Creta (HT Auto photo)
Engine Icon1497 cc FuelType IconMultiple
₹ 11 - 20.15 Lakhs
Compare
View Offers

The price hike comes after Tesla CEO Elon Musk warned about the risk of a recession in recent weeks. he also indicated that the supply chain disruption has been impacting Tesla's production and sales massively. Clearly, it was an indication of the price hike that has been implemented. The price hike comes as costs of raw materials have surged, including aluminium that is used in cars. Apart from that other components such as microchips and other raw materials too have been facing rising prices.

Tesla's CEO also indicated that the auto company may reduce its workforce by around 10 per cent.

First Published Date: 16 Jun 2022, 14:55 PM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.