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- Tesla has raised the price of all its cars in the US amid supply chain issues.
- The automaker has raised the price of its cars multiple times in 2022.
- His price increases come amid broader concerns about how the economic woes will affect the company.
- For more stories go to www.BusinessInsider.co.za.
Tesla has raised the price of its cars in the US amid ongoing supply chain issues.
The company’s website previously listed the Model X price at $114,990 (R1.84 million) and currently shows a price of $120,990 (R1.93 million), which is an increase of $6,000 (R96,000). The long-range Model Y increased from $62,990 (R1 million) to $65,990 (R1.05 million), according to Tesla’s website.
The company increased the price of its cars several times in 2022, raising the price of its cheapest car by $10,000 (R160,000) over the past year.
The latest price increases come amid broader concerns about how the company is affected by economic troubles.
Earlier this month, Tesla CEO Elon Musk told Tesla executives via email that he had a “really bad feeling” about the economy and wanted to cut 10% of the company’s salaried staff.
Insider reported on Wednesday that these layoffs had already begun across the company’s workforce.
Tesla has also delayed the delivery of some of its long-range vehicles for up to a month in the United States, according to Reuters. The company has been struggling with the supply of computer chips and the rising price of raw materials in the past year.
The company has also faced challenges in its global production due to China’s strict zero covid policy. Tesla’s gigafactory in Shanghai, responsible for half of Tesla’s global output in 2021, was forced to close for three weeks in March 2022 due to rising covid-19 cases.
Insider previously reported that Tesla delivered a record number of vehicles in the first quarter of 2022, despite these challenges.
Elon Musk tweeted in April: “This was an *exceptionally* difficult quarter due to supply chain disruptions and China’s zero Covid policy.” He added that “key providers saved the day.”