Musk confirms prices of Tesla cars are on the rise

Published

3 years ago

June 1, 2021

Elon Musk confirms Tesla car prices are on the rise

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.

Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially.
— Elon Musk (@elonmusk) May 31, 2021

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.

Why the meme-stock frenzy is unlikely to repeat

Published

1 day ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

1 day ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

2 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending