A supply chain issue, impacting electric car maker Tesla is seeing prices for EV’s rise
Tesla boss Elon Musk confirmed in a tweet that Supply chain pressures across the auto industry, particularly for raw materials is the reason for the dramatic increase in prices.
Moving lumbar was removed only in front passenger seat of 3/Y (obv not there in rear seats). Logs showed almost no usage. Not worth cost/mass for everyone when almost never used.
— Elon Musk (@elonmusk) May 31, 2021
Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially.
Musk was responding to an unverified Twitter account that questioned why the carmaker was raising its prices
Tesla has increased the prices of its Model 3 and Model Y electric cars five times in a matter of months.
This spate of price hikes started back in February this year.
The carmaker has not been immune to the ongoing global supply chain issues, which include the semi-conductor crisis, amid the pandemic.
And According to reports, Tesla has been forced to hold around 20 thousands units of Model 3 and Model Y cars because of a missing part.
